Vodafone Idea Share Price Holds Above FPO Price, Hits 15-Month High

Vodafone Idea share price continued its positive trend on Thursday, trading over 4% higher and staying above its Follow-on Public Offer (FPO) price of ₹11 per share. With this move, the stock has reached its highest level since September 2024, marking a notable recovery phase for the debt-ridden telecom operator.

Vodafone Idea Share Price Performance

The stock has risen in six of the last eight trading sessions. On Thursday, it traded near ₹11.15, supported by heavy market activity. Nearly 90 crore shares changed hands, much higher than the 20-day average of 70 crore shares. This increase in volume signals renewed interest among traders and short-term investors.

Why is Vodafone Idea Share Price Rising? 

Vodafone Idea share price has been recovering from its previous lows as expectations grow around a possible solution to its long-pending AGR dues. While no official timeline has been confirmed, the market has reacted positively to the possibility of progress. The government has also stated that it does not plan to increase its stake in the company beyond the current 49%.

Network Expansion 

The telecom operator has expanded its 5G rollout across 17 circles where it holds spectrum. However, rising competition and a steady decline in its subscriber base remain key concerns for the company’s long-term sustainability.

Read more: IndiGo to Offer ₹10,000 Travel Vouchers for Passengers Affected by December 3-5 Flight Disruptions.

Conclusion

Vodafone Idea’s share price staying above its FPO level marks a positive shift, supported by strong volumes and improved sentiment. However, challenges such as subscriber losses and pending AGR dues continue to weigh on the long-term outlook. Investors will be watching upcoming policy decisions and operational updates to gauge the company’s next steps.

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