The Indian share market has seen a massive bull run over the last year and a half after the initial lows of 2020 when the first scares of Covid-19 came along. It’s ran up at an alarming pace across all industries and wealth creation has been really easy for investors in recent months. However, some shares in particular has been surging and one of them is telecom share, Vodafone Idea.
Trading as IDEA on the NSE on the stock exchanges, the shared surged nearly 10% on trade today, 31st December 2021 and has ended the year on a very good note. For those who have been keeping an eye on this particular stock, you’ll know that it was trading at Rs.4 and below early last year and now, they’ve ended the year at Rs.15 and more.
Vodafone Idea shares surge to end 2021
On the BSE, Vodafone Idea ended at Rs.15.37, up 9.86% on trade today. On the NSE, the share close at Rs.15.30 up 9.29% in trade today. Those who own this share would enjoy their new year’s eve celebrations as the share has ended the year 2021 on a high. The government was given a lot of help to telecoms companies with the moratorium on payments of statutory dues, and IDEA benefitted from it too.
A huge majority of the markets ended in green today and Vodafone Idea was one of the leaders. It’s not just the last day of the week as we closed on Friday but it’s also the last trading day of the year, and they’ve ended well. Among the reasons for them riding the bull run are the government relief package, prepaid tariff hikes, fundraising and relief measures. Another round of tariff hikes is also planned for 2022!
SEE ALSO: List of top online sports betting websites
With the shares riding in green with the tariff hikes in 2021, the new round of hike may see the share go further high in 2022. And while this share faces a lot of competition from other telcos like Bharti Airtel and Reliance Jio, Vodafone has backing from the international company and there won’t be any shortage of money in case they need any further amounts to be pumped in in 2022.
Should you own Vodafone Idea shares?
Like we mentioned, the future of this share is uncertain and most would say that it’s the third best from the three biggies in the telecom industry. However, it’s also the cheapest share and those who invest in it may call the bet a gamble, but if it continues its rise, you only stand to gain. Bharti Airtel (trading as BHARTIARTL) and Reliance Industries (trading as RELIANCE) were also trading in the green today.
How will Vodafone Idea share do in 2022?#Vodafone #VodafoneIdea #ShareMarket #StockMarket #StocksToBuy #NSE #BSE #Sensex #Nifty #India #IndianStockMarket #Vote #Poll #Finance #Business #Invest #Investments #Investing
— Read Scoops (@ReadScoops) December 31, 2021
With tariff hikes, fundraising, 5G rollout, and other changes expected to take place for Vodafone Idea in 2022, we’re bullish on the continued rise of the Vodafone Idea share price in the India stock market. For similar stock market and finance updates from India and around the world, stay tuned to ReadScoops.com…
Register on Betway and get massive FREE Bets every week
