Vodafone Idea’s shares surged 23% after the government raised its stake to 49% by converting spectrum dues into equity. Brokerages hold mixed views, with target prices ranging from Rs 6.5 to Rs 15. Key concerns remain AGR dues, funding challenges, and subscriber growth. Long-term viability depends on tariff hikes and debt financing.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of