Vodafone shares had settled 6.27 per cent higher at Rs 16.28 in the previous session after the Aditya Birla group chairperson Kumar Mangalam Birla said his group was committed to Vodafone and its investors.
Jindal Stainless has recently given a breakout at its all-time high level of Rs 622. This configuration hints at a potential bullish momentum in coming trading sessions.
Mittal said the telecom firm would require close $9 billion in capital infusion to stay in the game but "sadly, has not been the case for the last two or three years."
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