Vodafone Idea’s shares have jumped 14% in seven trading sessions, despite losing market share and active subscribers in May. ICICI Securities reported a dip of 1.3 million active subscribers for Vodafone Idea, while competitors gained. The company also announced changes to its Articles of Association, reducing the minimum shareholding for significant shareholders.
FIIs on sidelines due to high valuations despite macro strength: Jitendra Gohil
Kotak Alternate Asset’s Jitendra Gohil anticipates heightened competition across Indian sectors due to government initiatives and reduced business costs, potentially pressuring earnings despite strong macro