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Shares of Vodafone Idea Ltd touched a fresh 52-week high in early trade on Tuesday, December 23, as buying interest continued in the telecom stock.

Vodafone Idea share price rose to a new one-year high of Rs 12.20 during the session. The stock opened at Rs 11.89 and moved between an intraday low of Rs 11.81 and a high of Rs 12.20.

At the current level, Vodafone Idea commands a market capitalisation of around Rs 1.31 lakh crore.

The rally in Vodafone Idea shares is being driven by positive sentiment after the company announced a Rs 3,300 crore fundraise through its subsidiary.

Debt-laden Vodafone Idea said on Thursday that Vodafone Idea Telecom Infrastructure Ltd (VITIL), its subsidiary, has completed a Rs 3,300 crore fundraise by issuing non-convertible debentures (NCDs).

In a statement, the company said the unlisted, unrated and secured NCDs were issued by VITIL. The proceeds from the fundraise will be used by the subsidiary to repay its payment obligations to Vodafone Idea.

The company added that this will help Vodafone Idea strengthen its capital expenditure plans and support business growth.

The successful fundraise has eased near-term concerns around funding and has lifted investor confidence, helping the stock touch a fresh 52-week high on Tuesday.

Debt-laden telecom operator Vodafone Idea (Vi) reported a steady improvement in its operating performance in the second quarter of FY26, even as it continued to post losses.

For the quarter ended 10 November 2025, the company reported a consolidated net loss of Rs 5,524.2 crore. This compared with losses in the year-ago period, reflecting a gradual stabilisation in operations.

Revenue from operations rose 2.4 per cent year-on-year to Rs 11,194.7 crore during the quarter, supported by better subscriber monetisation.

Average revenue per user (ARPU) improved 8.7 per cent on a yearly basis to Rs 180, indicating gains from tariff hikes and a focus on higher-value users.