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Mint
3 days ago
- Business
- Mint
Vodafone Idea share price gains after Q4 results 2025. Should you buy or sell?
Vodafone Idea share price surged as much as 1 per cent in Monday's trading session after the company reported narrowing in its net loss for the March quarter 2025, along with board approving fundraising of up to ₹ 20,000 crore. At 9:55 am, the Vodafone Idea share touched an intraday high to ₹ 7 apiece on June 2, against previous close at ₹ 6.92 last week on Friday. Vodafone Idea, on May 31, reported a consolidated net loss of ₹ 7,166.1 crore for the quarter ending March 2025, an improvement from the ₹ 7,674.6 crore loss recorded in the same quarter last year. However, the losses increased compared to ₹ 6,609.3 crore in the previous quarter (December). The company's operating revenue for Q4FY25 grew 3.8% year-on-year to ₹ 11,013.5 crore from ₹ 10,606.8 crore. The average revenue per user (ARPU) rose to ₹ 175 in the March quarter from ₹ 153 in Q4FY24, marking a 14.2% year-on-year increase, mainly driven by tariff hikes and customer upgrades. 'This has been a turnaround quarter for us, marked by the highest average daily revenue in the past 5 years and a significant reduction in subscriber loss. Early indicators show improvement across key business metrics and with our ongoing investments, we are well placed to effectively participate in the growth opportunity offered by the industry,' said Akshaya Moondra, CEO, Vodafone Idea. For the entire fiscal year FY25, Vodafone Idea's losses decreased to ₹ 27,383.4 crore compared to ₹ 31,238.4 crore in the prior year. Meanwhile, revenue for FY25 grew by 2.1% year-on-year, reaching ₹ 43,571.3 crore. The Vodafone Idea board of directors has given the green light to raise up to ₹ 20,000 crore, pending the necessary approvals from shareholders and regulatory or statutory authorities. The raising of funds in one or more tranches will be 'either by way of further public offer or private placement (including qualified institutions placement) or through any other permissible mode and/or combination thereof as may be considered appropriate, by way of issue of equity shares or by way of issue of any other eligible instruments or securities including securities convertible into equity shares, Global Depository Receipts, American Depository Receipts or bonds including foreign currency convertible bonds, convertible debentures, warrants, non-convertible securities and/or composite issue of non-convertible debentures along with warrants…,' the company said. According to Kush Ghodasara, CMT, Managing Partner, Invest Value, Vodafone Idea stock has been trading in the tight range of 6.46-9.80 since the month of October 202 and its also underperforming NIFTY benchmark index with a huge margin. 'Momentum indicators are trending flat and oscillating below the 45 level mark since the last two months which suggest no momentum for traders too. Therefore a fresh position is not recommended in the stock until we breach the 8.90 mark on the north side while the existing position should have strict stop loss at 6,' Ghodasara said. However, Riyank Arora, Technical Analyst at Mehta Equities Ltd, believes that the Vodafone Idea stock is showing signs of stability above its support at ₹ 6.80. As long as the stock holds this level, a short-term upward move toward the target of ₹ 7.55 looks possible. 'A breakout above ₹ 7.00 with volume can add momentum to the move. However, if it breaks below ₹ 6.80, weakness could set in, and the stock may drift lower. Traders can consider buying with a stop-loss at ₹ 6.80, aiming for ₹ 7.55 in the near term. The trend remains cautiously positive above support,' Arora said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
5 days ago
- Business
- Economic Times
Vodafone Idea approves Rs 20,000 cr fundraise plans in a fight for survival
Instruments on the table include equity shares, convertible bonds, Global Depository Receipts (GDRs), American Depository Receipts (ADRs), and non-convertible debentures with warrants, among others. Synopsis Vodafone Idea's board has approved raising up to Rs 20,000 crore through equity and debt to strengthen its financial position. The capital infusion aims to support operations, reduce liabilities, and facilitate network expansion, including the 5G rollout. Despite a reduced net loss year-over-year, subscriber churn continues to be a challenge for the telecom operator. Vodafone Idea, with the aim of bolstering its finances, has approved a fundraise of up to Rs 20,000 crore through a mix of equity and debt instruments. The move aims to provide the struggling telecom operator with much-needed capital to support its operations, reduce liabilities, and expand network capabilities. ADVERTISEMENT 'The Board of Directors of the Company at their meeting held today i.e. on 30 May 2025, inter-alia, have approved the following: by way of issue of equity shares or by way of issue of any other eligible instruments or securities including securities convertible into equity shares, Global Depository Receipts, American Depository Receipts or bonds including foreign currency convertible bonds, convertible debentures, warrants, non-convertible securities and/or composite issue of non-convertible debentures along with warrants, which may or may not be listed upto an aggregate amount of Rs. 20,000 crores,' the company said in its exchange filing. The fundraising could be carried out in one or more tranches via public offerings, private placements, or a combination of both. Instruments on the table include equity shares, convertible bonds, Global Depository Receipts (GDRs), American Depository Receipts (ADRs), and non-convertible debentures with warrants, among board has empowered its Capital Raising Committee to evaluate and decide the most suitable route for the capital decision comes at a time when the telco continues to face intense competition from peers Jio and Airtel and is in urgent need of capital to invest in its 5G rollout and network expansion plans. ADVERTISEMENT Also read: Ola Electric skids as widening losses dent sentiment The debt-ridden telco reported a consolidated net loss of Rs 7,166.1 crore in the fourth quarter of FY25, which is 6.6% lower from a net loss of Rs 7,674.59 crore reported in the same quarter last year. ADVERTISEMENT Meanwhile, the company's revenue from operations grew 3.8% YoY to Rs 11,013.5 crore for the said quarter, up from Rs 10,606.8 crore in the year-ago sequentially, the company's net loss has widened from Rs 6,609 crore in Q3FY25. ADVERTISEMENT Amid increasing competition, Vodafone Idea continued to lose its JV of UK's Vodafone Group Plc and India's Aditya Birla Group was unable to arrest subscriber churn even as it commenced pan-India 5G rollouts this quarter, covering major markets like Mumbai and Delhi. In December, the subscriber base had fallen below the 200 million mark for the first time since its merger in 2019. ADVERTISEMENT In March, it further declined to 198.2 million. SR Batliboy and Associates, the auditors of Vi, cautioned that the operator's financial performance has impacted its ability to generate cash flows that it needs to settle/refinance its liabilities as they fall due. 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Yahoo
13-05-2025
- Business
- Yahoo
Stocks to Watch as the U.S. & China Reach a Trade Deal
Stocks surged on Monday as the U.S. and China announced a deal to temporarily reduce their high reciprocal tariffs, leading to much optimism that a global economic recession may be avoided. Easing an ongoing trade war, the U.S. is cutting tariffs on China to 30% from 145%, with China reducing tariffs on U.S. goods to 10% from 125%. The agreement will last 90 days, as the two sides work on building a sustainable, long-term trade relationship. The S&P 500 rose +3% in today's trading session, with the Nasdaq spiking over +4%, as investors flock to big tech stocks that had sold off during rising trade tensions. At the center of what has been a historic market rebound are the mega-cap big tech stocks, with Apple AAPL, Amazon AMZN, Meta Platforms META, and Tesla TSLA leading the market gains on Monday and up over +6% respectively. It's likely that analysts may become more bullish on Apple's short-term outlook as most of the electronic giant's production comes from China. A continued run-up in Apple, Amazon, and Meta stock looks fundamentally plausible, but it's noteworthy that Tesla lands a Zacks Rank #5 (Strong Sell) based on a trend of declining earnings estimate revisions. Suggesting now may be a good time to fade the rally in Tesla stock is that TSLA has spiked +25% in the last month. Furthermore, Tesla has the highest P/E valuation among the Mag 7 at 161.4X forward earnings, with Alphabet GOOGL being the cheapest at 16.2X. Nvidia NVDA and Microsoft MSFT have started to gain nice momentum as well, although the latter was only up +2% today. Still, Microsoft is the only Mag 7 stock that currently has a buy rating with a Zacks Rank #2 (Buy) while the others all land a Zacks Rank #3 (Hold) outside of Tesla's strong sell rating. This comes as fiscal 2025 EPS estimates for Microsoft are up 2% over the last 60 days, with FY26 EPS estimates up 1%. Image Source: Zacks Investment Research Optimistically, Chinese tech stocks have already benefited from higher investor sentiment before the tariff truce with the U.S., as Chinese President Xi Jinping has been more supportive of their independent growth. With regulatory issues being less of a concern to investors, Alibaba BABA and Tencent TCEHY are two Chinese tech stocks to pay attention to and currently sport a Zacks Rank #2 (Buy). Their ADR's (American Depository Receipts) have been two of the top performers on U.S. stock exchanges this year, with BABA soaring nearly +60% year to date and TCEHY up over +20%. The strong price performance has been due to their artificial intelligence expansion, leveraging AI to enhance efficiency, reduce costs, and improve customer experience, as Alibaba has seen higher e-commerce sales, and Tencent has benefited from growth in its gaming and cloud services. Image Source: Zacks Investment Research Outside of Amazon and Apple, retailers like Nike NKE, Starbucks SBUX, and even Walmart WMT and Target TGT rely heavily on supply chain operations from China. Nike and Starbucks also generate a significant portion of their revenue from their operations within China, which would make better trade and political relations between the U.S. and China beneficial to their outlook. Nike and Walmart stock stand out with a Zacks Rank #3 (Hold), while Starbucks and Target have a Zacks Rank #4 (Sell). Plus, China accounted for 14% of Nike's revenue in 2024, with $5.5 billion coming from footwear sales alone, as shown in the chart below. Image Source: Statista Energy and transportation stocks will also be important to watch, as they could receive a continued boost in the following weeks thanks to today's trade agreement. While geopolitical tensions can often cause an uptick in crude oil prices, the trade war between the U.S. and China had an adverse effect in regard to how the market saw future demand for travel and other activities that require higher energy production. Crude prices were up as much as +2% to over $62 a barrel but are still down 20% in 2025. Image Source: Trading Economics The U.S. and China trade agreement gave the market what it was looking for, as investors now have more reassurance that the global economy will be less impacted by higher tariffs. That said, keeping an eye on the progress that is hopefully made in the next 90 days will be critical, considering the U.S. and China are the world's two largest economies. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report NIKE, Inc. (NKE) : Free Stock Analysis Report Target Corporation (TGT) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Starbucks Corporation (SBUX) : Free Stock Analysis Report Tencent Holding Ltd. (TCEHY) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Upturn
24-04-2025
- Business
- Business Upturn
Axis Bank to raise up to ₹55,000 crore via debt and equity; board recommends ₹1 dividend per share for FY25
Axis Bank, one of India's leading private sector lenders, announced a comprehensive capital raising plan after its board approved multiple proposals at its meeting held on April 24, 2025. The board has recommended a final dividend of ₹1 per share (on a face value of ₹2), which translates to 50% of face value for the financial year ended March 31, 2025. The dividend is subject to shareholder approval at the upcoming 31st Annual General Meeting. As part of its capital augmentation strategy, the bank has approved: Raising up to ₹35,000 crore via debt instruments, including bonds (both domestic and foreign currency), sustainable/green bonds, Tier I and Tier II instruments, and other permissible instruments under RBI guidelines. Raising up to ₹20,000 crore via equity-related instruments, such as Qualified Institutional Placement (QIP), American Depository Receipts (ADR), Global Depository Receipts (GDR), preferential issues, or other modes as deemed fit by the board. An increase in borrowing limit up to ₹3,00,000 crore, specifically for raising funds via term deposits or loans for general banking and operational needs. Markets Desk at
