- By Aditya Pratap Singh
- Wed, 06 May 2026 01:02 PM (IST)
- Source:JND
Vodafone-Idea Share Price: The shares of Vodafone Idea jumped over 5 per cent during the intraday trade on Wednesday after the private sector telecom firm announced Aditya Birla Group Chairman Kumar Mangalam Birla will now steer the debt-ridden firm as its new non-executive chairman.
The stock started the session with a decent gap-up at Rs 11.10 as compared to the last day's closing of Rs 10.80. The company shares escalated the momentum further on buying interest to touch an intraday high of Rs 11.38 on both the BSE and NSE, up 5.37 per cent.
In the last five trading sessions, the stock gained over 10 per cent.
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Birla To Become Non-Executive Vice-Chairman
Vodafone Idea has approved the appointment of Mr Kumar Mangalam Birla, Non-Executive Director, as Non-Executive Chairman of Vodafone Idea Limited with effect from May 5, 2026, Vodafone Idea said in an official statement.
Ravinder Thackeray will continue to assist Birla as non-executive vice-chairman even if he steps down, a regulatory filing revealed on Tuesday.
The board also approved the appointment of Thakkar as non-executive vice-chairman.
Vodafone-Ideas posted a loss of Rs 17,418 crore for the nine months ended December 2025 and a negative net profit of Rs 87,744 crore.
Stock Market Opens In Green
The domestic equity indices traded higher in early trade amid decent buying momentum. At the time of writing, BSE Sensex was trading at 77,301.13, up 283.34 points or 0.37 per cent, and Nifty50 was quoted at 24,138.95, up 106.15 points or 0.44 per cent.
The rally came after crude oil prices fell after US President Donald Trump claimed progress in talks to end the war with Iran. Positive trends in global markets helped lift domestic equity markets.
The 30-share BSE Sensex rose 657.22 points to 77,675.01 in early trade. The 50-share NSE Nifty rose 218 points to 24,250.85.