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.
S&P Global Ratings expects Airtel's earnings and cash flows to rise over the next 24 months, benefitting from the industry-wide hike in mobile tariffs in India.
Bharti Airtel and Indus Towers shares rose in the early trade, while Vodafone Idea slipped after SC allowed telcos could avail themselves of central value-added tax (cenvat) credit on infra
Vodafone Idea share upgrade: JP Morgan has upgraded Vodafone Idea shares to 'Neutral' from 'Underweight'
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
The combined market cap of Bharti Airtel (Rs 9.52 trillion) and Bharti Airtel's partly paid shares (Rs 49,526 crore) touched Rs 10.02 trillion in intra-day trade on Thursday.
The stock hit a new high of Rs 1,454, as Jefferies expects Jio's rising focus on growth and Vodafone Idea's market share losses to drive Bharti Hexacom's operating performance in the medium-term.
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.
Shares of Bharti Airtel are quoting higher for the eighth straight trading day, having rallied 11 per cent during the period, and taking the company's market capitalisation to over Rs 9.5 trillion.
Tata Teleservices (Maharashtra) hit a 20-month high of Rs 111.48, surging 14% amid heavy volumes in intra-day trade on Friday despite weakness in the broader market.
Reports claim that the government was considering the option of handing over operations of MTNL to BSNL through an agreement, instead of pursuing a merger route.
Stocks to watch on Friday, June 28, 2024: Shares of telecom companies expected to hog limelight; Stanley Lifestyles to debut on the bourses today.
Shares of Vodafone Idea hit a 52-week high of Rs 18.47, surging 7% amid heavy volumes, surpassing its previous high of Rs 18.42 touched on January 1
Technical charts suggest a divergent trend for the three key telecom stocks - Reliance Industries, Bharti Airtel and Vodafone Idea.
The company's board is scheduled to meet on Thursday, 13 June 2024, to consider and evaluate proposals for issuance of equity shares and / or convertible securities on a preferential basis to vendors.
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 likely tariff increase will help inject new life into a sector that has grappled with cut-throat competition and aggressive policy actions in recent years, said Niket Shah
Shares of Vodafone Idea (VIL) hit a high of Rs 13.40 bouncing back 10 per cent from its intra-day low on the National Stock Exchange (NSE) in Thursday's intra-day trade amid heavy volumes.