Vodafone Idea shares get big upgrade from UBS; stock up 5%

Vodafone Idea shares get big upgrade from UBS; stock up 5%

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

Voda Idea’s loss widens to Rs 7,990 crore in Q3. Should you buy, sell or hold the stock?

Voda Idea’s loss widens to Rs 7,990 crore in Q3. Should you buy, sell or hold the stock?

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