VI Share: VI’s Big News Impact, What Next?
Vodafone Idea’s Leap
Telecom Ticker
Thursday brought big news for telecom player Vodafone Idea, influencing Friday’s stock performance. Opening at ₹16.67 on BSE, shares quickly climbed over 8%, reaching ₹17.65, inching close to its 52-week high of ₹18.42.
Dividend Buzz
The company announced a hefty ₹205 dividend per share, with the record date set for today. This move is part of a broader strategy discussed in the upcoming board meeting on February 27, focusing on fundraising through equity and debt instruments.
Market Momentum
Following the announcement, Vodafone Idea’s stock showed bullish behavior, building on Thursday’s 6.27% gain to close at ₹16.28. This positive trend aligns with the company’s efforts to attract external investors, as stated by Aditya Birla Group Chairman, Kumar Mangalam Birla.
Quarterly Cheer
Despite not providing a timeline for these investor engagements, the December quarter showed promising signs. The company’s loss narrowed to ₹6986 crore, with a notable increase in average earnings per subscriber, indicating a strategic turnaround in its operational and financial health. This telecom titan is dialing up efforts to enhance its market position and investor confidence.
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