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Vodafone Idea Shares Surge 20% in 4 Days: What's Driving This Momentum?

Vodafone Idea Shares Surge 20% in 4 Days: What's Driving This Momentum?

Vodafone Idea’s stock has jumped 20% in just four trading sessions, reaching ₹12.92 on January 17, 2025. The surge comes after reports of the company clearing significant vendor dues and receiving government approval to convert ₹16,133 crore in AGR dues into equity for the government. This move boosts Vodafone Idea’s financial stability, reducing debt and strengthening investor confidence. Analysts suggest the stock could see further gains if the company secures funding and improves operations. However, high debt levels and competition remain challenges for the telco.

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