Vodafone Idea Shares Surge 10% on Major Management Announcements, Capex Plans
Share Market
C
CNBC Awaaz•30-01-2026, 14:22
Vodafone Idea Shares Surge 10% on Major Management Announcements, Capex Plans
- •Vodafone Idea shares saw a sudden 10% surge on January 30, 2026, crossing ₹11, driven by strong buying activity.
- •The rally was fueled by the Q3FY26 results, a significant ₹45,000 crore capex plan over three years, and confident management statements.
- •Q3 results showed a reduced net loss of ₹5,286 crore, 1.8% revenue growth to ₹10,918 crore, and ARPU increased to ₹186.
- •Domestic institutional investors (DIIs) increased their stake from 53.75% to 54.6% in Q3, indicating growing confidence.
- •Brokerage houses like JM Financial and CLSA gave 'Add' and 'Outperform' ratings, while Motilal Oswal remained cautious with a 'Neutral' rating.
Why It Matters: Vodafone Idea shares surged 10% due to strong Q3 results, a large capex plan, and increased DII confidence.
✦
More like this
Loading more articles...
