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.
Market rotation signals steady growth ahead; financials and PSUs lead the charge: Rohit Srivastava
According to Rohit Srivastava, the Indian market is experiencing sector rotation, ensuring upward movement after consolidation. Financials, especially NBFCs, are leading the rally due to
May 28, 2025