New Delhi: The shares of Vodafone Idea recorded a significant jump on Monday. The VI share price soared after promoter Kumar Mangalam Birla increased his stake and a brokerage house released a positive report on the company. In Monday’s trade, market players were seen investing in Vi stock.

Vodafone Idea share closed with 4.04 per cent gains at Rs 11.58 apiece on 9 February. Kumar Mangalam Birla, the promoter of the debt-ridden telecom company, purchased additional shares of Vodafone Idea from the open market last week. He purchased a total of 4 crore 9 lakh shares, which is about 0.03 percent of the company’s total equity. Till Investors considered the promoter’s purchase as a positive signal.

Brokerage house Emkay Global Financial Services has given a positive rating on Vodafone Idea. The........

© News9Live