Vodafone Idea’s shares, which are heavily indebted, were up on Tuesday. The company plans to give preference to suppliers when it considers proposals for the issue of convertible instruments and equity shares on June 13.
On the BSE, Vodafone Idea’s stock increased by 0.25% to Rs 15.85. The telecom company’s market value increased to Rs 1.05 lakh billion. A total of 47.69 lakh of the company’s shares were traded on the BSE, translating into a turnover of Rs 7.58 crore.
Technically speaking, Vodafone Idea’s relative strength indicator (RSI) is 60.2, which indicates that it is trading in the overbought area. With a one-year beta of 1.8, Vodafone Idea’s stock indicates extremely high volatility throughout that time. The 5 day, 10 day, 20 day, 50 day, 100 day, 150 day, and 200 day moving averages are all being exceeded by the price of Vodafone Idea shares right now.
The stock reached its 52-week high of Rs 18.42 on January 1, 2024, and 52-week low of Rs 7.18 on July 13, 2023.
The purpose of this notification is to notify you that the Company’s Board of Directors will meet on Thursday, June 13, 2024, among other things, to discuss and assess proposals for the issuance of equity shares and/or convertible securities to vendors at a preferential rate, subject to any necessary approvals, including those from the Company’s shareholders. According to a statement from the company to bourses, the trading window for the Company’s securities will be closed from Tuesday, June 11, 2024, to Saturday, June 15, 2024 (all days inclusive).
