Dailyhunt Logo
  • Light mode
    Follow system
    Dark mode
    • Play Story
    • App Story
Vodafone Idea share price hits fresh 52-week high - Here are 3 reasons behind telecom stock's rally

Vodafone Idea share price hits fresh 52-week high - Here are 3 reasons behind telecom stock's rally

ETNow.in 1 week ago

Vodafone Idea Share Price: Shares of Vodafone Idea extended gains for a fourth consecutive session on Wednesday, touching a fresh 52-week high, supported by improving subscriber trends and recent positive developments around the telecom operator.

At around 11:45 am, the stock was trading 0.5 per cent higher at Rs 14.22 on the BSE, up Rs 0.07 from its previous close of Rs 14.15. During the session, the stock climbed to Rs 14.29, its 52-week high, reflecting an intraday gain of nearly 1 per cent.

TRAI Data Shows Subscriber Addition For VI

Investor sentiment remained upbeat after the latest subscriber data from the Telecom Regulatory Authority of India (TRAI) showed signs of recovery in the company's user base. Vodafone Idea had reported a steady decline in subscribers between April 2024 and December 2025. However, the trend reversed in January 2026, with the telecom operator posting net subscriber additions for three straight months.

CRISIL Rating Upgrade Lifts Investor Sentiment

Adding to the momentum, CRISIL Ratings earlier this week upgraded Vodafone Idea's credit rating to 'A-' with a stable outlook. The ratings agency cited continued support from promoter Aditya Birla Group and improvement in the company's subscriber market share as key reasons for the upgrade, a report by the Economic Times said.

The upgrade further strengthened positive sentiment around the stock, which has seen renewed buying interest in recent sessions.

MOU with Andhra Pradesh Government

Separately, the Government of Andhra Pradesh signed a Memorandum of Understanding with Vodafone Idea Business to launch the "ReadyForNext" MSME Readiness Assessment Initiative across the state.

Announcing the partnership on Tuesday, N Chandrababu Naidu said the initiative aims to support the digital transformation of small and medium enterprises in the state.

"Through this partnership, we are accelerating the digital transformation of our MSME sector and helping our businesses become future-ready in an increasingly digital economy," Naidu said in a post on X.

Vodafone Idea Stock Performance

Vodafone Idea shares have delivered strong returns across short- and medium-term periods, reflecting renewed investor optimism around the telecom operator's improving fundamentals. Over the past week, the stock has gained 4.27 per cent, while it is up 10.45 per cent in the last two weeks. On a one-month basis, Vodafone Idea has surged 46.13 per cent.

The momentum has remained strong over a longer period as well. The stock has risen 33.46 per cent in the past three months and is up 21.98 per cent on a year-to-date basis.

Over the last one year, Vodafone Idea shares have rallied 103.45 per cent, effectively more than doubling investors' wealth. The stock has also delivered 100.28 per cent returns over three years and 67.18 per cent over five years, according to BSE data.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)

Read more news like this on www.etnownews.com

Dailyhunt
Disclaimer: This content has not been generated, created or edited by Dailyhunt. Publisher: ET now