More than 3 crore shares changed hands during the session, with trading volumes running at 1.4 times the stock’s 10-day average. The stock was trading just 1.6% below its 52-week high of ₹15.34, suggesting it could test the level later in the session.
According to media reports, Vodafone Idea is very close to securing a loan from the country’s largest bank, State Bank of India (SBI). The telco is looking to raise about ₹35,000 crore, including a ₹25,000 crore loan and ₹10,000 crore as a line of credit, according to a report from Business Standard on Wednesday. A line of credit is essentially an assurance from a lender that it would chip in with the money if and when needed. CNBC-TV18 has not independently verified the report.
The rally builds on a strong run for Vodafone Idea, which has gained over 30% year-to-date and surged nearly 104% over the trailing 12 months. Shares had earlier jumped up to 8% in May after Tata Consultancy Services announced a partnership with Vodafone Business, the enterprise arm of VodafoneThree, the UK’s largest mobile operator, to drive AI-led digital transformation for UK enterprises.
The gains come despite the company reporting weak standalone earnings for the quarter ended June 2026 earlier this month. Revenue rose 5.8% to ₹11,539 crore from ₹10,905.50 crore a year earlier.
Average revenue per user (ARPU) rose to ₹195 in the June quarter from ₹177 in the previous quarter, up 10.2% year-on-year, driven mainly by customer upgrades. The subscriber base rose to 193.1 million as of June 30, from 192.8 million at the end of the March quarter, marking the company’s first quarter of net subscriber additions since its merger.
The 4G/5G subscriber base increased to 130.1 million from 127.4 million a year earlier, while the company expanded its 5G coverage to more than 200 cities.Read more: Vodafone Idea Share Price: Citi sees funding visibility, ARPU recovery behind ₹17 target
