Vodafone Idea Share Price Jumps 4% After Kumar Mangalam Birla Buys Stake, Emkay Global Financial Services Doubles Target

Vodafone Idea share price rose sharply in early trading on Monday after news broke that Kumar Mangalam Birla, the chairman of the Aditya Birla Group, had bought additional shares in the telecom company and that major brokerage Emkay Global Financial Services had significantly raised its target for the stock. The telco’s shares were trading up nearly 4 percent on heavy volume as investors reacted to these developments. This surge reflects renewed optimism about the company’s future prospects and a stronger outlook for the telecom sector in the broader stock market.