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Explore Now NEW DELHI: From a low of Rs 2.83 apiece in February 2020 to a high of Rs 13.80 in January this year, shares of Vodafone Idea rallied a whopping five times to deliver 384 per cent returns to investors. But that rally is in danger now. At Rs 12.05 apiece on Wednesday, the stock stared at a significant downside, as the narrowing of December quarter losses by the telecom major failed to enthuse Dalal Street. Analysts said while the extension of payment of AGR (adjusted gross revenue) dues was a short-term breather, the company’s survival hinges on quick capital infusion and tariff hikes or floor tariff implementation. ....
Updated Feb 15, 2021 | 13:17 IST VIL desperately needs to hike tariffs and raise funds. The Board in Sep’20 approved a fund raise of Rs 25,000 cr through a mix of debt and equity. (Representational Image) | Photo Credit: BCCL Vodafone Idea is showing some operational improvement with subscriber loss pace slowing, higher 4G net add and rise in data usage, but it will still not be enough. VIL will need to bounce back stronger and limited resources are making it difficult. Q3 Revenue grew by 1% QoQ to Rs 10,894 cr, led by a 1.7% rise in average revenue per user(ARPU) to Rs 121. The company continued to see subscriber loss but the intensity is coming off. ....
Overall Nifty is trading with bullish bias and it has a potential to trade towards 15,000 unless it gives closing below its 5-week SMA and last week s low standing around 14,350. ....