Telecom operator Vodafone Idea today found another backer when global broking firm UBS upgraded the stock to buy with a target price of Rs 18, saying that it is expecting relief on government dues as well as a mobile price increase. Following the upgrade, the stock jumped over 5% to Rs 14.82. “We believe the … Read more
Indian market closed in the green for the second consecutive dayon Wednesday following positive global cues. The S&P BSE Sensex rose more than 100 points while Nifty50 closed above 17150 levels. Sectorally, buying was seen in healthcare, utilities, FMCG and auto stocks while selling was visible in consumer durables, metal, realty and telecom stocks. Stocks … Read more
Shares of debt-ridden Vodafone Idea (Vi) fell nearly 3% to Rs 7.51 in Thursday’s intraday trade on BSE after the telecom operator’s consolidated net loss for the quarter ended December 2022 widened to Rs 7,990 crore from Rs 7231 crore a year ago, and Rs 7,596 crore a quarter ago. However, its consolidated revenue increased … Read more
NEW DELHI: The detection of the Omicron variant in India seems to have spooked investors. Most benchmark heavyweights plunged, but traders seem to have a different view on smaller stocks that rallied. Among those was that looks to have found a newfound zeal. Following the price hike last week, the counter has gained substantially. The … Read more
MUMBAI: The relief rally in shares of metal companies did not last long. The Nifty Metal index succumbed to selling pressure today as investors realized that the crisis in the Chinese real estate market may not blow over just because they don’t care about Evergrande anymore. The Nifty Metal index closed nearly 2 per cent … Read more
Kolkata: Bharti Airtel and Vodafone Idea (Vi) shares fell sharply in Wednesday’s trade, a day after Reliance Jio rolled out postpaid tariff plans, making a concerted bid for the higher paying subscribers of India’s older operators. Bharti Airtel shares were down nearly 4.5% at Rs 448.95 while Vi’s stock was trading nearly 5.3% lower at … Read more
NEW DELHI: Shares of Vodafone Idea surged 9 per cent in Monday’s trade after the telecom operator paid an additional Rs 1,000 crore to the government towards the statutory dues ahead of the Supreme Court hearing on the adjusted gross revenue (AGR) matter later in the day. With the fresh payment, Vodafone Idea made a … Read more