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Global brokerage UBS upgrades Vodafone Idea to buy, setting target at Rs 18, citing potential relief on government dues and expected mobile price increase. Stock jumps over 5% to Rs 14.82. ....
Vodafone Idea Target Price: Nomura has upgraded its rating on Vodafone Idea, expressing optimism that the worst is behind the company and it is now poised for better prospects. The stock has been upgraded from "reduce" to "neutral". Vodafone Idea s Q4 revenue stood at Rs 10,600 crore, which was in line with estimates. ....
The marketing segment failed to compensate for the weak showing by the refining business, leading to muted Q4 results. And according to analysts at Kotak Institutional Equities, oil marketing companies are in for a dismal Q1FY25. ....
PNGRB reduced the tariffs to ₹18.1/mmbtu (million British Thermal Unit), from the earlier price of ₹34/mmbtu. GSPL had asked a revision of price to ₹50.8/mmbtu to the board, which was not approved. ....