Vodafone Idea shares hit new heights, soaring nearly 23% on the Last Trading Day of 2023

On the final trading day of the year, Vodafone Idea shares experienced a remarkable surge, reaching a fresh 52-week high and escalating by almost 23% on December 29.

The telecom giant’s stock exhibited an impressive leap, surging 22.6% to reach Rs 16.25 on the NSE. Notably, at 3 pm, the shares were maintaining their upward momentum, trading at Rs 16.10 apiece, near the day’s peak.

Over the past six months, Vodafone Idea shares have not only weathered but thrived, more than doubling investors’ wealth with a significant gain of 116.78%.

In stark contrast, the frontline index Nifty 50 witnessed a comparatively modest rise of 13.28% during the same period. The trading volume on December 29 was notably substantial, reaching 175 crore shares, a significant surge compared to the one-week average of 26 crore shares and the monthly average of 33 crore shares.