Vodafone Idea Ltd's stock plunged over 33 percent in September, marking its sharpest decline since October 2019, with its market capitalization shrinking by more than Rs 34,000 crore during the month. The stock closed at Rs 10.36 per share on September 30, down from Rs 15.64 at the start of the month, reducing its market cap to Rs 72,000 crore from Rs 1.06 lakh crore.The steep decline followed the...

Bharti Airtel and Reliance Jio are likely to record a 10-11 percent revenue growth for the quarter ended June 2024 over last year, driven by user upgrades to 4G/5G, a shift from prepaid to postpaid, and higher data consumption, analysts said.Vodafone Idea’s revenue is expected to decline in the absence of network expansion and sustained churn in subscriber base, they said.The impact of the recen...

Two is companyTurnaround story Remus Pharma saw a spike in trading volumes on Friday. The chatter is that the AK-47 of small and micro caps has begun nibbling at the stock. Remus was first discovered by the Thalapathy from South India, who similar to AK-47, specializes in spotting winners among small and micro-cap stocks. The stock has trebled over the last year, and besides the improvement in ope...

Jigar S Patel, Senior Manager - Equity Research at Anand RathiThe past week (ended June 21) was shortened but filled with significant activity in the broader markets. The Nifty 50 index reached a new high above 23,600 but ended the week flat. Meanwhile, the Midcap and Smallcap 100 indices outperformed the benchmark. Sector-wise, banking, sugar, and fertilizers led the way.From a technical perspect...

Vodafone Idea (107.50 percent) has been banned from the futures and options (F&O) trade on the National Stock Exchange for April 29. The stock came under prohibition after it exceeded 95 percent of the market-wide position limit (MWPL). The ban is reversed only if the open interest falls below 80 percent.TechnicalsVodafone Idea has declined 3.93 percent over the last month. The stock has been trad...