UBS has revised its ratings on Bharti Airtel to 'Sell' and Vodafone Idea (VIL) to 'Neutral' citing 'expensive valuations' and limited growth prospects in the telecom sector.
Vopdafone Idea shares closed at Rs 7.44 apiece on Monday, up 0.81 per cent. The VIL stock has gained 11 per cent in the past one week. It is still down 7 per cent in 2025 so far.
Reliance Power shares soared 7.23 per cent to Rs 69.29 on NSE. The stock saw 25,54,78,654 shares worth Rs 1,728 crore changing hands.
Shares of Bharti Airtel hit a low of Rs 1,808.65, before erasing losses. The stock was up 0.17 per cent at Rs 1,817.50. Tata Teleservices (Maharashtra) Ltd was trading 0.48 per cent lower at Rs 60.34.
Vi share price: The stock was last seen trading 3.72 per cent up at Rs 7.24. At this price, it has climbed 10.53 per cent in the last five sessions.
Vodafone Idea is set to roll out its 5G services in Chandigarh and Patna from April 28, 2025. Following a successful launch in Mumbai, the company plans further expansion to Delhi and Bangalore. An introductory offer includes unlimited 5G data from Rs 299.
Vodafone Idea shares rose 10.25% to Rs 8.18 on BSE on Monday. Market cap of the firm stood at Rs 87,432 crore.
Vi share price: The scrip traded higher than the 5-day, 10-, 20-, 30-day and 50-day simple moving averages (SMAs) but lower than the 100-day, 150-day and 200-day SMAs.
ICICI Securities finds Vodafone Idea worth Rs 8. It has targets of Rs 1,925 on Bharti Airtel and Rs 335 on Indus Towers. BNP Paribas suggested a target of Rs 2,000 for Bharti Airtel against Rs 1,825 earlier.
Vodafone Idea share price: The stock rose 2.84 per cent to hit a high of Rs 8.33. At this price, it has moved up 22.32 per cent in two trading days.
Vodafone Idea share price: Today's sharp uptick came after the company said it would issue fresh equity shares worth Rs 36,950 crore, raising the government's stake in the struggling telco to 48.99 per cent.