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[hfe_template id='11223'] [ad_1] Mahindra & Mahindra. Share Price 2156.35 03:59 PM | 30 Apr 2024 94.30(4.58%) Power Grid Corporation of India. Share Price 301.85 03:59 PM | 30 Apr 2024 8.16(2.78%) Shriram Finance. Share Price 2551.70 03:59 PM | 30 Apr 2024 59.50(2.39%) Hero MotoCorp. Share Price 4543.05 03:59 PM | 30 Apr 2024 85.36(1.92%) IndusInd Bank. Share Price 1515.70 03:59 PM | 30 Apr 2024 28.46(1.92%) Bajaj Auto. Share Price 8903.65 03:57 PM | 30 Apr 2024 143.55(1.64%) HDFC Life Insurance Company. Share Price 583.65 03:59 PM | 30 Apr 2024 8.55(1.49%) Bajaj Finance. Share Price 6923.55 03:59 PM | 30 Apr 2024 96.95(1.43%) Bajaj Finserv. Share Price 1615.00 03:59 PM | 30 Apr 2024 19.35(1.22%) Grasim Industries. Share Price 2411.65 03:59 PM | 30 Apr 2024 25.06(1.05%) Maruti Suzuki India. Share Price 12817.50 03:59 PM | 30 Apr 2024 127.65(1.01%) SBI Life Insurance Company. Share Price 1436.55 03:59 PM | 30 Apr 2024 14.21(1.00%) Tata Consumer Products. Share Price 1...

[hfe_template id='11223'] [ad_1] Vodafone Idea shares tumbled 10% to Rs 11.8 in Thursday's NSE trading session following the listing of its follow-on public offer (FPO) shares on the bourses. However, the shares opened at a 7.2% premium compared to their FPO issue price of Rs 11. By 10:29 am, the stock rebounded, trading 1% higher at Rs 13.22 from its previous day's close of Rs 13.1. Compared to the FPO price of Rs 11 per share, the stock was trading 20% higher. "While Vodafone Idea's FPO listing around Rs 12 is a modest increase from the issue price, it reflects initial selling pressure for short-term gains. However, a drop below Rs 11 seems unlikely given the company's turnaround potential. Positive signs and potential post-election tariff hikes could trigger fresh buying after this initial volatility," said Shivani Nyati, Head of Wealth, Swastika Investmart. "Aggressive investors with a long-term view might consider holding onto the stoc...