Vodafone Idea shares surge over 38 pc

Vodafone Idea's shares on Wednesday closed over 38 per cent amid reports that the government in unlikely to invoke the company's bank guarantees as of now.

On the BSE, the stock gained as much as 48.18 per cent to Rs 4.49 during the day. It closed 38.28 per cent higher at Rs 4.19.

On the National Stock Exchange (NSE), the scrip rose 48.33 per cent to touch a high of Rs 4.45. Later, after shedding some gains, it settled 40 per cent up at Rs 4.20.

The stock has ended the day in green after declining for seven consecutive sessions.

The NSE saw an exchange of more than 100 crore shares of Vodafone Idea, and over 14 crore units were traded on the BSE.

In this regard, the BSE sought a clarification from the telecom service provider about the sudden movement in the stock price.

The company said all the information furnished by it is in public domain and there is no price-sensitive information pending which is to be disclosed to the stock exchanges.

"There is no such announcement or ...