Nomura upgrades Vodafone Idea, increases target price sharply
Brokerage firm Nomura in its latest note has upgraded the telecom player Vodafone Idea to Neutral and has increased its target price for Vodafone Idea stock.
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Brokerage firm Nomura in its latest note has upgraded the telecom player Vodafone Idea to Neutral and has increased its target price for Vodafone Idea stock.
Vodafone Idea’s Rs 18,000 crore FPO was subscribed over 6 times on final day of bidding. Vodafone Idea received bids for nearly 80 billion shares against 12.6 billion shares on the offer.
Vodafone Idea shows stability with minimal price fluctuations
In the first quarter, operating revenue increased slightly by 2% to Rs 10,655 crore from Rs 10,410 crore in the corresponding quarter last year.
Vodafone Idea has announced a basic rate rise. The corporation, according to the source, has lowered the validity term of its 99 plan.
Vodafone PLC reveals that its Indian subsidiary, Vodafone Idea Limited (VIL), requires additional funding and liquidity support from lenders, raising concerns about its ability to meet liabilities. VIL's financial woes prompt the company to lay off approximately 11,000 employees while recording zero value for the Group's investment in VIL.
Stocks to watch: Vodafone Idea, Biocon, ONGC, Eicher Motors, Siemens, Bharat Forge, and other companies' shares will be in the spotlight in Wednesday's trading.
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