Shares of VIL (Vodafone Idea LTD.) slipped 20 per cent to Rs 8.16, down 25 per cent from intra-day’s high of Rs 10.95 on the BSE after the SC (Supreme Court) allowed 10 years for staggered payment of AGR (adjusted gross revenue) dues. The stock trades in the F&O (futures & option) segment, which has no circuit limits
CARE Ratings said in a press release on the company’s ration action on August 24, 2020, “With a negative net worth of the company as on June 30, 2020, there is very limited headroom for the company to incur any capital expenditure and raise funds to support the operation of the company. In order to improve the liquidity position of VIL, the expected monetisation of stake sale in Indus Towers is delayed due to the extension of the long stop date to August 31, 2020. VIL continues to avail moratorium on principal and interest payment on term borrowings from Banks.”
ICICI Securities said in Q1 result update, “Bharti Airtel continues to report stable key performance indicators (KPI) across and also enjoys a comfortable leverage vis-à-vis peers. With robust performance amid challenging times, Airtel is one of the better-placed telecom players. We see the favourable industry structure of three players (two being strong), a good enough kicker for an eventual hike in tariff as well as superior digital plays in the long-term.”
