Why Vodafone share price is increasing?
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Vodafone Idea shares zoom 20\%; why telco stock is surging The stock is trading close to the 52-week high of Rs 13.80 it hit in January 2021. In the past five trading sessions, the VI stock price has rallied nearly 15 percent after the company increased prepaid tariff by 20-25 percent, with effect from November 25.
Stock market prices are affected by demand-supply economics. In simple words, when demand for a stock exceeds supply, there will be a rise in the price of a stock. The more drastic the demand-supply gap, the higher the price. For example, when many traders are buying stock X, stock X’s price per share will increase.
Why stock price goes up and down?
Stock prices change everyday by market forces. If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall.
Why is the Vodafone Idea share price skyrocketing?
Vodafone Idea share prices are also in the same frequency. The recent price hike and and revenue per customer has also increased. The biggest factor is the news about Google negotiating the stake in the company and will help the company. Originally Answered: Why is the Vodafone Idea share price skyrocketing?
How much does Vodafone Idea still owe the Indian government?
Vodafone Idea, a joint venture between Britain’s Vodafone Group Plc and India’s Idea Cellular, still owes roughly 500 billion rupees ($6.8 billion) to the Indian government. It is among India’s top three telecom firms by subscribers.
What is the history of Vodafone Idea Ltd?
Vodafone Idea Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 18850.42 Crore) operating in Telecommunications sector.
Is Vodafone Idea a mid-cap company?
Vodafone Idea Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 17,097.56 Crore) operating in Telecommunications sector. Vodafone Idea Ltd. key Products/Revenue Segments include Telecommunication Services, Other Operating Revenue and Traded Goods for the year ending 31-Mar-2020.