Vodafone-Idea shares have been witnessing a steady decline for a long time.
The share price of Vodafone Idea was Rs 118 on 10th April 2015 which became 3.40 on 14th February 2020.
Let us tell you that on April 20, 2023, the stock price of Indian mobile network operator Vodafone Idea was ₹6.
On April 21, a sudden bumper bounce has been seen in the stock of this company which has been falling continuously.
In the last trading session of the stock market, there was a sudden rush of investors to buy Vodafone Idea shares.
Vodafone Idea's share price has seen a tremendous jump of 7 percent amid heavy buying by investors.
Shares of Vodafone Idea had jumped to its intra-day high of Rs 6.65 on April 21. It has closed at Rs 6.45 level.
The reason for this rally in the shares of Vodafone Idea is the return of Kumar Mangalam Birla to the company.
Let us tell you that Vodafone Idea (Vi) has appointed Kumar Mangalam Birla as a director on the board.
With the return of Kumar Mangalam Birla on the board, investors are hopeful of a rally in the stock again.