Vodafone Idea shares have witnessed a remarkable surge, hitting a fresh one-year high and experiencing a notable gain of 39% in just two trading sessions. The stock’s upward trajectory continued in Monday’s trade, jumping 14.98% to reach a one-year high of Rs 18.42. This substantial rise marks an impressive turnaround for Vodafone Idea, positioning it as a multibagger counter with a remarkable 223.16% increase from its one-year low of Rs 5.70 recorded on March 31 last year.
Vodafone Idea Share
Recent Performance
- The stock’s recent surge has been characterized by a robust 39.12% gain over the course of two trading days.
- Vodafone Idea shares welcomed the beginning of the calendar year 2024 on a highly positive note, with a notable jump in its market value.
Technical Analysis
- On the technical front, the stock may encounter resistance levels at Rs 19, followed by Rs 20, Rs 21, and Rs 21.5.
- Support levels for the stock are anticipated in the Rs 15-16.45 zone.
Outlook
The recent momentum in Vodafone Idea shares underscores a significant market sentiment shift, marking a noteworthy turnaround from previous lows. Investors and market observers will keenly watch for further developments and reactions to gauge the sustainability of this positive trend.
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