The price-to-moving averages action has turned favourable for Voda Idea stock for the first-time since July 2024; Key hurdles for the stock stand at ₹10.69 and ₹11.88 levels, show long-term charts.
Voda Idea stock has witnessed a Golden Crossover and trades above key moving averages and trend line indicators on the daily and weekly charts; the challenge ahead remains the 200- and 100-WMAs.
Vodafone Idea share price has surged 73% in the last three months. The stock can potentially zoom another 53% if it manages to clear the key hurdles at ₹10.77 and ₹11.88 levels, suggests tech charts.
Voda Idea is seen trading consistently above the 200-DMA after a gap of more than 1 year; a weekly close above ₹8.26 shall further strengthen the stock, suggest technical charts.
The unit of India's third-largest wireless carrier plans to issue bonds with tenors of two and three years, raising ₹30 billion and ₹20 billion, respectively, the sources said
Vodafone Idea stock has witnessed a twin breakout with the stock seen trading above the super trend line hurdle and the higher-end of the Bollinger Bands on the daily chart.
The billionaire Kumar Mangalam Birla-led wireless carrier had to earlier defer the plan as banks were concerned about the firm's weak finances and mounting dues to the government
The government is considering extending the repayment period for AGR dues from the current six years to 20 years, while also shifting from compound to simple interest on the outstanding amount
The statement comes after the SC dismissed petitions by Vi and Airtel seeking a waiver on paying interest, penalty, and interest on penalty components as part of their long-standing AGR dues
The board of debt-ridden firm Vodafone Idea will meet on May 30 to consider fundraising options along with approval of its financial results, the company said on Tuesday. The loss-making firm has expressed apprehension about its survival beyond the current fiscal due to liquidity crunch in the company despite financial support from the government. In a BSE filing, Vodafone Idea said that its board will meet on May 30 "to consider and evaluate any and all proposals for raising of funds in one or more tranches, either by way of a rights issue or further public offer or private placement (including preferential allotment or qualified institutions placement)." The board will also evaluate fundraising through any other permissible mode including debt bonds. The board will decide on holding extraordinary general meeting to get shareholders' nod for the fundraise on the same day. Vodafone Idea board will also meet and consider approving its financial performance for the March 2025 quarte
Technical outlook on telecom stocks post SC verdict on AGR dues: Voda Idea looks weak on chart and can slide up to 34% from present levels. Bharti Airtel and TTML, however, look favourably placed.
The report comes a day after Vi filed a fresh plea before the Supreme Court seeking a waiver of over ₹30,000 crore of Adjusted Gross Revenue (AGR) dues
Nokia Solutions and Networks India on Friday divested nearly 1 per cent stake in debt-saddled telecom operator Vodafone Idea for Rs 786 crore through an open market transaction. According to the bulk deal data on the NSE, Nokia Solutions and Networks India sold 102.70 crore shares, amounting to a 0.95 per cent stake in Vodafone Idea. The shares were sold at an average price of Rs 7.65 apiece, taking the aggregate value to Rs 785.67 crore. Meanwhile, global investment firm Goldman Sachs picked up 59.86 crore shares or 0.55 per cent holding in Vodafone Idea. The shares were acquired at the same price. This took the deal value to Rs 457.96 crore. Details of other buyers of Vodafone Idea's shares could not be ascertained. On Friday, shares of Vodafone Idea fell 5.93 per cent to close at Rs 7.46 per piece on the NSE. In June last year, Vodafone Idea announced that it will allocate shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear their partial dues. Pursuan
The Department of Telecom (DoT) has asked debt-ridden telecom operator Vodafone Idea to either deposit a bank guarantee of Rs 6,090.7 crore or Rs 5,493.2 crore in cash for shortfall of aggregate payment made for spectrum the company acquired in 2015, the company said. The company, however, is in discussion with the DoT to pay the dues through equity. "The aggregate payment made by the company for each of spectrum auctions are greater than the pro-rated use of spectrum other than for the 2015 auction, where there is one-time partial shortfall and DoT has requested either to provide bank guarantee of Rs 60,907 million (Rs 6,090.7 crore) for one year or make a cash payment of Rs 54,932 million (Rs 5,493.2 crore) by March 10, 2025," Vodafone Idea Non-Executive Director Himanshu Kapania said in a note. As on December 2024, the outstanding debt from banks (including interest accrued but not due) of the group is Rs 2,345.1 crore and deferred payment obligation towards spectrum payable over
Vodafone Idea stock is expected to trade with a favourable bias in the near-term as long as the stock holds above Rs 9.50 - Rs 9.35 support zone, suggests the technical charts.
Pre-market update: RBI policy decision likely to set the equity market trend on Friday; Strong FIIs buying a positive; Ganesh Infraworld likely to witness a bumper listing on the NSE SME platform.
The debt-laden telco's board will consider the issue of equity shares and/or convertible securities, Vi said in an exchange filing on Thursday
The UK's Vodafone Group Plc is selling its remaining 3% stake in Indus Towers in block deal and fully exiting the company
Technical charts suggest that Vodafone Idea stock can potentially rally to Rs 10.90 on the upside, provided the stock sustains above this resistance zone.
Vi CEO says talks are on with lenders, who remain in wait-and-watch mode