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Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vodafone Idea: Vodafone Idea announced plans to raise ₹2,000 crore through a preferential equity issuance to its promoter, Vodafone Group. In a regulatory filing, the debt-laden telecom giant confirmed that its board will meet on December 9, 2024,…
Source: Live Mint Debt-ridden telecom major Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore from entities belonging to promoter Vodafone Group. The development follows Vodafone Group’s announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million…
Source: Live Mint Stock Market Today: Vodafone Idea share price saw sharp gains of 4.5% in the morning trades on Thursday. The board meeting is scheduled for 9 December to consider raising funds The Vodafone Idea share price opened at ₹8.79 on the BSE on Thursday, 4.5% higher than the previous close of ₹8.41 on…
Source: Live Mint It was a foregone conclusion that Indian private telecom companies would do well in the September quarter (Q2FY25) thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades. This has played out with aggregate wireless revenue for the three private telcos—Reliance Jio Infocomm Ltd, Bharti…
Source: Live Mint Telecom stocks saw a sharp upsurge in early morning trade on November 26, following reports that the Union Cabinet approved the waiver of bank guarantees for telecom operators. This move is seen as a significant step in easing the financial burden on the sector. Reacting positively to these developments, shares of Vodafone…
Source: Live Mint Following better-than-expected September quarter results, global brokerage firm Nomura India has reaffirmed its ‘Buy’ rating on Vodafone Idea, setting a target price of ₹14. This suggests a potential 91 percent upside from the stock’s closing price of ₹7.34 on Friday. Nomura anticipates that the pace of subscriber losses for the telco will…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vodafone Idea: Vodafone Idea Ltd reported a significant narrowing of its losses for the September quarter, which stood at ₹7,175 crore, a notable improvement from the ₹8,746 crore loss recorded in the same period last year. This improvement…
Source: Business Standard Vodafone Idea share price 3 min read Last Updated : Oct 07 2024 | 1:44 PM IST Vodafone Idea shares dropped 9 per cent in the intraday trade on Monday, October 7, registering a low of Rs 8.91 per share. Vodafone Idea stock declined after the company missed the deadline to…
Source: Business Standard 4 min read Last Updated : Sep 20 2024 | 10:44 PM IST The Supreme Court’s dismissal of curative pleas filed by telecom companies, including Vodafone Idea, in the computation of adjusted gross revenue (AGR) case has evoked mixed views from brokerages. While the apex court’s move is sentimentally negative,…
Source: Business Standard 3 min read Last Updated : Sep 20 2024 | 11:50 AM IST Shares of Voda Idea have plunged almost 25 per cent to a low of Rs 9.70 in just two trading sessions post the adverse Supreme Court ruling. The Supreme Court on Thursday rejected curative petitions seeking a…
