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Vodafone Idea shares rally as relief expectations lift sentiment
Vodafone Idea shares gained sharply on relief expectations, funding visibility, and short covering, though analysts remain cautious on long-term fundamentals.
Vodafone Idea shares jumped over 12% across three sessions after reports of potential government relief and improved funding visibility boosted sentiment. Investors reacted to expectations around tariff hikes, cash flow support, and reduced regulatory stress. The rally was supported by short covering and renewed speculative interest, although analysts cautioned that long-term fundamentals remain challenged amid high debt and competitive pressure in India's telecom sector overall.