Vodafone Idea’s shares jumped 10% in recent trading, buoyed by investor optimism over narrowing losses and promoter assurances of equity infusion. The rally reflects renewed confidence in the telecom operator’s turnaround strategy, despite heavy spectrum dues and capital expenditure needs. Analysts see the move as a short-term boost amid long-term challenges.
Shares of Vodafone Idea (VODA.NS) surged 10% in Thursday’s trade, marking one of the strongest rallies for the telecom operator in recent months. The sharp rise followed market optimism around the company’s improving financial performance and signals from promoters about potential equity support to strengthen its balance sheet.
Vodafone Idea recently reported a narrower net loss for the December quarter, alongside modest revenue growth. The company continues to face significant liabilities, including spectrum payments and planned capital expenditure, but investor sentiment improved after management reiterated its commitment to stabilizing operations and expanding its network.
Key Highlights:
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Stock Performance: VODA.NS shares rose 10% on the NSE.
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Financials: Net loss narrowed to ₹5,286 crore in Q3 FY26, compared to ₹6,609 crore last year.
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Revenue Growth: Operations revenue up 1.8% YoY to ₹11,323 crore.
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Promoter Assurance: Promoters signaled willingness to inject equity if required.
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Market Sentiment: Rally reflects optimism over turnaround strategy despite AGR dues and capex pressures.
The surge underscores investor confidence in Vodafone Idea’s restructuring efforts, though analysts caution that sustained recovery will depend on fresh capital infusion and competitive positioning in India’s telecom sector.
Sources: Reuters, Economic Times, Business Standard