Despite customer disconnections, Vodafone Idea s stock value has tripled in the current financial year, with a nine-month winning streak. Both foreign institutional investors and mutual funds have steadily increased their holdings in the telecom operator. Mutual funds saw the maximum increase in ownership in the December quarter. The number of mutual fund schemes holding the stock also increased. Vodafone Idea s shares rallied on expectations of fund infusion and potential investments for 5G services.
Vodafone Idea: The current financial year has been the best for the telecom operator in three years as the stock’s value has gone up by nearly three times on the back of gains in each of the months of FY24.
Stocks that were in focus included names like Just Dial, which rose 1.82%, HDFC Life, which declined 3.55%, and Wipro, whose shares jumped 6.37% on Monday.
Stocks that were in focus included names like Tata Consumer, which rose 3.11%, Polycab, which gained 2.63%, and HDFC AMC, whose shares declined 1.1% on Friday.