Vodafone Idea (Vi), a well known penny stock, surged nearly 5% in early trade on Wednesday, March 19, reaching a day’s high of Rs 7.47 on the NSE. The rally comes after the company announced the launch of its 5G services in Mumbai. At the time of writing, the share price of Vi was trading at Rs 7.42 per share, up by 4.51%.
But can this struggling telecom player turn things around? Let’s take a look.
Vodafone Idea rolls out 5G in Mumbai
Vodafone Idea launched its 5G services in Mumbai, set to enhance faster connectivity at competitive prices. The telecom operator in the exchange filing noted, “Vi’s 5G services will be available in the city, starting today, powered by its competitive spectrum holding and significant investment in next generation infrastructure. The company is committed
to delivering enhanced capacity, superior performance, and reliability.”
ALSO READVodafone Idea launches 5G, entry-level plan around 20% discount to peers
To attract users, Vodafone Idea is offering unlimited 5G data with plans starting at Rs 299.
Vodafone Idea: Big investments, bigger plans
In the last year, Vodafone Idea has raised Rs 26,000 crore, including India’s largest Follow-on Public Offer (FPO) of Rs 18,000 crore and Rs 4,000 crore from its promoters. The company plans to invest Rs 50,000-55,000 crore over the next three years to expand its 4G coverage to 90% of India’s population and push forward with its 5G rollout.
Vodafone Idea share price performance
Despite today’s rise, Vodafone Idea’s share price has had a bumpy ride over the past year. In the last five days, the stock has gained 5%, but over the past month, it has dropped by 10%. Looking at a longer timeframe, the share price of the company has fallen by 28.6% in the last six months. Even in 2025 so far, its performance remains weak, with a 7% decline in year-to-date (YTD) returns.
Vodafone Idea’s 52-week high is Rs 19.18, while its 52-week low is Rs 6.61. Despite the current rally, the stock is 61% below its 52-week high and 12% above its 52-week low.
» Read More
