Multibagger Stock: ₹ 118 share breaks down to ₹ 6, investors rush to buy stock, bumper jump of 7% – multibagger stock vodafone idea ltd’s stock has jumped 7 percent today
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Why did Vodafone Idea shares jump?
Actually behind this boom in the shares of Vodafone Idea is the return of billionaire Kumar Mangalam Birla. The company has appointed Kumar Mangalam Birla as a director on the board. Birla was ousted from the board of Vodafone-Idea two years back. He resigned as the chairman of the company. Now as soon as he comes back, the shares are seeing a bumper bounce once again.
The stock has fallen 19 percent this year
Vodafone Idea Share has declined by 19 per cent this year. However, the stock has also gained 2.38 per cent in the last one month. On April 10, 2005, Vodafone Idea Share Price was trading at Rs.118. Since then, there has been a continuous decline in the stock. The stock has lost 84.48% in the last five years. It has declined by 35.18% in one year. Now investors are hopeful of a rally in the stock again.
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