Stocks including UltraTech Cement, NTPC, IndusInd Bank, NBCC, Vodafone Idea, Ola Electric, Lenskart, Nuvama and more will be in the spotlight on Friday, December 23.
In a year-end discussion on Business Today Television, Piyush Pandey, Senior VP-Equity Research at Centrum Broking, shared a positive outlook for India's IT sector in 2026 after two tough years.Q2 FY26 results showed sequential revenue growth, margin improvement, strong deal wins, and rising AI-related opportunities. Client spending is rebounding, especially in BFSI, aided by rupee depreciation and attractive valuations. Top large-cap picks: Infosys and TCS. Tier-2: LTIMindtree and Coforge. On telecom's duopoly, he favors Bharti Airtel (pricing power, ARPU growth, debt reduction) and Indus Towers (Vodafone relief trigger, reduced receivables). Vodafone Idea remains speculative; prefers Indus for indirect play. Overall, 2026 expected to be reasonably good for IT with improving fundamentals; Jio IPO likely by mid-year.
At the day’s peak, Vodafone Idea shares were trading about 2.5% below their 52-week high of Rs 12.02, while still marking a sharp rebound of nearly 91% from their 52-week low of Rs 6.12.
VI share price: Proceeds from the issuance will be utilised by VITIL to repay its payment obligations to Vodafone Idea.
Stocks including ICICI Pru AMC, RIL, Airtel, HCL Tech, BPCL, Voda Idea, Lupin, IndiGo, Biocon, Bharti Hexacom, Swiggy and more will be in the spotlight on Friday, December 19.
Voda Idea has recently taken steps to support its wholly-owned subsidiary, Vodafone Idea Telecom Infrastructure Ltd (VITIL), in its proposed Non-Convertible Debentures (NCD) issue. The telecom operator's Board of Directors has approved measures to secure VITIL's Rs 3,300 crore NCD issuance.
An analyst from YES Securities said that Hindustan Zinc has given a falling trendline breakout after a few days of retracement with recent price action showing renewed upward momentum.
Domestic brokerage firm Motilal Oswal Financial Services believes that Reliance Jio may delay or resist tariff hikes, because higher tariffs may help Airtel gain revenue share faster.
While tariffs remain under forbearance, a significant relief on AGR dues for Vodafone Idea could lead to a delay in potential tariff hikes, MOFSL said.
JM Financial has a target of Rs 2,460 for Bharti Airtel, Rs 2,195 for Bharti Hexacom, Rs 11 for Vodafone Idea, Rs 355 for Indus Towers and Rs 2,250 for Tata Communications.
The telecom operator issued a clarification to stock exchanges after a media report suggested possible "AGR (Adjusted Gross Revenue) relief by year-end".





