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Vodafone Idea's (Vi) December quarter results failed to budge brokerages into changing their bearish stance on the stock, even as the telecom operator reported narrowing of losses during the quarter under review.
The debt-ridden telecom firm, on Saturday, reported narrowing of consolidated loss to Rs 4,532.1 crore in Q3FY21, mainly on account of a one-time gain from stake sale in Indus Towers. It had posted a loss of Rs 6,438.8 crore in the same quarter a year ago.
The company's average revenue per user (ARPU) improved to Rs 121 from Rs 119 on a quarter-on-quarter basis. However, this was still
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