The spectrum band promised a lot - high speeds in 5G-enabled cellphone handsets, and enough bandwidth to work in crowded areas like stadiums, airports and ports
Voda Idea stock counter saw huge trading volumes, with a combined 726.89 million equity shares changing hands on the NSE and BSE till 02:21 PM on Friday.
Vodafone Idea chairman Kumar Mangalam Birla said the telecom operator is entering a stronger phase as shareholders approved a ₹4,730-crore promoter funding plan
Stocks to Watch today: Airtel, Vodafone Idea, NLC India, BPCL, Grasim Industries, RVNL, SpiceJet, Avantel Ltd, IRB Infra, HCLTech, Bank of India are among other stocks that will be in focus today.
In the past month, Vodafone Idea's stock price has outperformed the market by soaring 41 per cent, compared to a 3.2 per cent decline in the BSE Sensex.
Nishchal Jain, Quant Researcher at Share.Market by PhonePe sees Vodafone Idea stock crossing the ₹20-mark as a viable option; but cautions against short-term volatility owing to overbought conditions.
The capex execution, along with an expected industry tariff rationalisation over the next 12-24 months and improving network quality, are expected to support ARPU improvement and growth, believes ICRA
Hindalco, KEI Industries, Polycab, Apollo Hospital, Anand Rathi Wealth, GE Vernova T&D, Manappuram Finance, Navin Flurochemicals, Torrent Pharma and J B Chemicals hit fresh life-time highs on Monday.
Further rally in Vodafone Idea share price seems unlikely as fresh target prices, in the range of ₹10-14 per share, leave little on the table for investors from current levels
Despite a modest rise in quarterly revenue, Vodafone Idea continues to lose ground in India's telecom market as Reliance Jio and Bharti Airtel consolidate dominance
