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Vodafone Idea shares touch 52-week high; zoom over 16% : Rashtra News Shares of Vodafone Idea Ltd on Thursday hit its 52-week high on the bourses after the stock spurted over 16 per cent, amidst reports that the firm has raised enough fund for the repayment of interest owed to bondholders within the December 13 ....
The stock is trading in a W pattern on a weekly chart and forming a base near its previous resistance zone, which is a bullish sign. An early sign of upmove is visible on the relative strength chart in comparison to Nifty50 and good support of short-term EMAs 10 and 20 is seen on every decline. ....
Stocks including Gillette India, Trident, Petronet LNG, Coromandel International, and Vodafone Idea broke out from their 200-day Simple Moving Average (SMA) on Monday, June 26, 2023, indicating a potential shift in market sentiment. Gillette India closed at Rs 5,103.2, Trident at Rs 33.9, Petronet LNG at Rs 220.35, Coromandel International at Rs 936.4, and Vodafone Idea at Rs 7.65, all surpassing their respective 200-day SMAs. The stocks ability to maintain sustained upward momentum will be closely monitored by investors, whilst their ability to capitalise on emerging opportunities will be critical. ....
The telecom company has decided to convert its adjusted gross revenue dues into equities as per moratorium conditions announced by the government last year. ....