Vodafone Idea share price rebounds from 52-week low. Nuvama predicts 40% upside

Vodafone Idea share price rebounds from 52-week low. Nuvama predicts 40% upside

Vodafone Idea share price: After the Supreme Court did not find relief on AGR dues, Vodafone Idea shares witnessed a strong sell-off last week and touched a new 52-week low of ₹9.79 apiece during Friday deals. However, the beaten-down stock witnessed strong buying at the lower levels and finished green at ₹10.52 per share, logging … Read more

Vodafone Idea shares rise 13% after Care upgrades long-term ratings

Vodafone Idea shares rise 13% after Care upgrades long-term ratings

Vodafone Idea share price surged 13.26 per cent intraday, reaching the day’s high of ₹15.05 on the NSE after CARE Ratings’ upgraded the company’s Long Term Bank Facilities from B+ to BB+, maintaining a stable outlook. Additionally, the Short Term Bank Facilities were upgraded from A4 to A4+. The company announced after the market hours … Read more

Vodafone Idea FPO off to a cautious start: Issue booked 26% on day 1 led by QIBs; GMP and other details.

Vodafone Idea FPO off to a cautious start: Issue booked 26% on day 1 led by QIBs; GMP and other details.

At the end of day one, the retail portion had 6% subscriptions, the QIB quota had 61% subscriptions, and the non-institutional investor category had 28% subscriptions. Also Read: Vodafone Idea FPO: 10 key things to know about ₹18,000-crore issue as anchor book opens today “Exciting news! Mint is now on WhatsApp Channels ???? Subscribe today … Read more

Vodafone Idea’s board approved a ₹20,000 crore fundraise. Then its stock crashed 14% in a day.

Vodafone Idea’s board approved a ₹20,000 crore fundraise. Then its stock crashed 14% in a day.

Amid heightened competition in the telecom sector, raising funds is crucial for Vodafone Idea Ltd’s (VIL’s) survival. However, investors were visibly disappointed after the company announced that the board of directors had approved a fundraise of up to ₹20,000 crore through equity or equity-linked instruments, causing VIL’s shares to plunge almost 14% on Wednesday. What … Read more