Debt-ridden telecom firm Vodafone Idea on Wednesday said its consolidated loss narrowed to Rs 7,175.9 crore in the September quarter. The company had posted a loss of Rs 8,746.6 crore in the same period a year ago. The consolidated revenue from services of Vodafone Idea (VIL) increased 1.8 per cent to Rs 10,918.1 crore during the second quarter of the current fiscal year from Rs 10,714.6 crore in the year-ago period, it said in a regulatory filing. Its consolidated revenue from operations increased to Rs 10,932.2 crore during the quarter from Rs 10,716.3 crore a year ago, it stated.
The 14-day RSI of Voda Idea, Bank of India, Dabur, YES Bank and DMart stands below 30, indicating oversold condition on the daily chart. In case of a pullback, these stocks can bounce back up to 24%.
Bank funding to conclude in 7-8 weeks, says Vi CEO
Vodafone Idea share price target: The lowest price target has been given by Goldman Sachs, with a 'Sell' rating, as it sees no government support/relief in AGR liabilities
Voda Idea stock is seen trading below its key moving averages and now testing key support levels on the monthly scale, levels not violated since December 2021; check key levels here
Technical outlook on Vodafone Idea: The stock is trading with a weak bias below its 200-DMA after a gap of 14 months; it needs to break above Rs 15.40 for the sentiment to revive, suggests chart.
Voda Idea, Indus Towers, Ujjivan SFB, CoForge among top stocks where FIIs raised holdings in the June quarter; trading strategies based on technical charts here.
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Telecom stock update: Bharti Airtel rallied 5 per cent to hit a new high at Rs 1,539; RIL rose 2% to Rs 3,129, and saw its market capitalisation touch Rs 21.12 trillion in intra-day trades today.
Encouraged by the favourable trial outcomes and performance matching on par with current suppliers, Vodafone Idea has extended Samsung deployments to the Karnataka and Bihar regions
Technical charts suggest a divergent trend for the three key telecom stocks - Reliance Industries, Bharti Airtel and Vodafone Idea.
All you need to know before the stock market opens on Wednesday, June 19: FIIs up index long futures; Nifty up over 1,000 points so far in June; Voda Idea, Indus Towers stocks in focus today.
Vi disclosed plans to raise up to Rs 2,458 crore through a preferential share allocation to Nokia and Ericsson, aimed at clearing a portion of their pending dues
Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday's closing stock price in Mumbai, the investment is worth $2.3 billion
The Vi Rs 998 prepaid plan offers a validity of 70 days, alongside a daily 1.5GB limit, 100 daily SMS, and unlimited voice calling
The telco has to pay Rs 12,000 crore to the government between October 2025 and March 2026, taking into account both principal and interest
Vodafone Idea stock outlook: Global brokerage Citi, too, has assigned a 'High Risk Neutral' rating to Vodafone Idea stock with a target of Rs 15
The telco's finance cost increased to Rs 6,280.3 crore in Q4, shooting up by 25.5 per cent from Rs 6,284 crore in the same quarter of the previous year
But low capital expenditure and large debt weigh down Vi's revival prospects
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