RECORD! OVER 4 BILLION SHARES OF ONE COMPANY CHANGE HANDS IN ONE DAY

After the follow-on public offer (FPO), new shares of Vodafone Idea got listed on the stock exchanges today at a premium of 9% to the issue price. 

The debt-laden telco saw heavy trading activity following the listing of new shares.

Over 2.14 billion shares of Vodafone Idea traded on the NSE. The combined value of these transactions was ₹2,974.26 crore. 

Similarly, over 2.08 billion shares changed hands on the BSE and the combined value of the transactions was more than ₹2,888 crore.

Shares of Vodafone Ideas closed 5.27% higher at ₹13.78 apiece on the BSE.

"A drop below ₹11 seems unlikely given the company’s turnaround potential. Positive signs and potential post-election tariff hikes could trigger fresh buying after this initial volatility. Aggressive investors with a long-term view might consider holding onto the stock, aiming for a potential rise towards ₹18 in the future," Shivani Nyati, Head of Wealth, Swastika Investmart, said.

2024-04-25T11:39:56Z dg43tfdfdgfd