Vodafone Idea Shares Sustain Above FPO Price, Hit September 2024 High

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CNBC TV18•11-12-2025, 15:19

Vodafone Idea Shares Sustain Above FPO Price, Hit September 2024 High

•Vodafone Idea shares rose over 4% on Thursday, December 11, trading above their FPO price of ₹11 per share.
•The stock reached its highest level since September 2024, with substantial trading volumes of nearly 90 crore shares.
•Shares recovered amid hopes of government relief on AGR dues, while CLSA noted 5G expansion across 17 circles.
•HSBC maintained a 'reduce' rating with a ₹5.8 target, citing continued subscriber decline as a key concern.

Why It Matters: Vodafone Idea's stock movement indicates its uncertain future in the telecom market.

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