Shares of Vodafone Idea Ltd., the debt-laden telecom service provider is trading with gains of over 4% on Thursday, December 11, sustaining above its Follow-on Public Offer (FPO) price of ₹11 per share.

The stock has gained in six out of the last eight trading sessions, now trading at the highest level since September 2024.

The stock has gained on substantial volumes on Thursday, with nearly 90 crore shares having changed hands, compared to its 20-day average of 70 crore.

Shares of Vodafone Idea have staged a recovery from the lows, ever since hopes of some forthcoming relief from the government with regards to the AGR dues gathered steam.

Brokerage firm CLSA wrote in its note that Vodafone Idea has expanded its 5G services rollout across 17 circles where it has 5G spectrum.

HSBC in a

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