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.
Auto sector still robust, but limited upside left at current valuations: Anand Tandon
Market expert Anand Tandon observes that while the Indian auto sector shows resilience, its optimism is largely priced into current valuations, which appear stretched globally.