Even though the market was red on Tuesday, Vodafone-Idea shares saw a tremendous jump. As soon as the market opened, Vodafone Idea shares jumped up to 18 percent with the rocket's rally.

Vodafone Idea share price: Even though the market was red on Tuesday, Vodafone-Idea shares saw a tremendous jump. As soon as the market opened, Vodafone Idea shares jumped up to 18 percent with the rocket's rally. Behind this rise in Vi's stock is the government's decision, which not only gave relief to the company but also gave confidence to investors. Due to a major decision of the government, investors broke down to buy shares of Vodafone Idea.

Reason for the rise in Vodafone Idea shares

On November 26, Tuesday, Vodafone Idea shares climbed up to 18 percent. Actually, behind this boom is the decision of the central government, which has given great relief to the company. The Union Cabinet has done away with the requirement of giving bank guarantee to telecom operators for spectrum purchased by 2022. This decision of the government will relieve the company from a big burden. In the 2022 spectrum auction, Vi had to submit a total bank guarantee of Rs 24,700 crore.

Its deadline was ending on October 2025. The company had been pleading with the government for relief for a long time. Now the government has given a booster dose to Vi by giving relief to him in the spectrum auction case. After this decision of the government, Vodafone Idea shares, which were falling, suddenly rose by 18 per cent to Rs 8.28.