Vodafone Idea shares extended losses for the second straight session, falling 11.3% over two days to touch an intraday low of Rs 6.56 on Thursday. The decline comes after the government clarified that no additional relief will be considered for the financially stressed telecom operator with respect to its adjusted gross revenue (AGR) dues. The … Read more
Shares of Vodafone Idea extended their rebound on Monday, rising as much as 2.3% to Rs 7.23 on BSE after an 8% surge on Friday. The two-day rally of 10.2% follows reports that the Prime Minister’s Office is reviewing a relief package for the debt-laden telecom operator, rekindling hopes of support on its massive adjusted … Read more
The Indian market ended lower on Friday, halting a six-day winning run, as investors turned cautious ahead of Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole symposium and braced for fresh U.S. tariffs on Indian goods, amid other headwinds weighing on sentiment. The BSE Sensex fell 693.86 points, or 0.85%, to close at … Read more
Driven by investors’ interest, the shares of Vodafone Idea have surged by 14% in 7 trading sessions, to a high of Rs 7.49 hit on the BSE in today’s trade. This comes even as the company witnessed a loss of market share as well as active subscribers in the month of May. On the performance … Read more
Edelweiss Mutual Fund, led by CEO Radhika Gupta, increased its holdings in 401 stocks and reduced its stake in 117 stocks in May, according to monthly data from Prime Database. Some of the key stocks where the fund house raised its holdings include HDFC Bank, State Bank of India, Eternal, Reliance Industries, Cipla, PNB Housing … Read more
Ericsson India Pvt Ltd has sold off its around 0.6% stake in Vodafone Idea (Vi) via a bulk deal to undisclosed buyers, raising Rs 428.43 crore. As per NSE bulk deal data, Ericsson India sold 63.37 crore shares in Vi at Rs 6.76 apiece Tuesday. Buyer details were not immediately available. Shares of Vi closed … Read more
With Q4 earnings and the limited risk of further equity dilution already priced in, global brokerage Morgan Stanley has reiterated its bullish stance on Eternal (formerly Zomato), naming it its top pick in the food delivery and quick commerce space, with a target price of Rs 320 on the stock. The target price reflects the … Read more
In the latest edition of its “India Inc. Ownership Tracker” for March 2025, the National Stock Exchange (NSE) reveals that private Indian promoters continue to hold the largest stake in India Inc., commanding a 32.5% share in NSE-listed companies. However, the report also signals a shifting tide, with domestic mutual funds (DMFs) and retail investors … Read more
“If people need to invest, DLF seems to be better placed vis-à-vis the other companies on a valuation as well as risk-return perspective. But overall, my view is that real estate after the sharp run-up needs to consolidate for some more time,” says Sandip Sabharwal, asksandipsabharwal.com.Give us a sense of where you see the markets … Read more
Balaji Subramanian, AVP and telecom analyst, IIFL Securities, says that with the Supreme Court rejecting the telecom companies’ plea for re-computation of adjusted gross revenue (AGR) case, there is no relief in sight for telecom majors. If Vodafone Idea is able to complete its debt fundraising, then the capex programme should be on track and … Read more