Vodafone Idea shares surged over 4% to a new record high, driven by a significant net profit increase in Q4 FY26, largely due to accounting gains. Despite a near 100% rally in the past year, brokerages remain cautious, with Nomura downgrading to ‘Neutral’ while increasing its target price, citing the need for successful debt raises to fund its strategic plan.
Markets supported by liquidity, but valuations running ahead of fundamentals: Sameer Dalal
Indian markets are supported by strong domestic liquidity, but valuations are questioned against fundamentals and growth expectations. Sameer Dalal of Natverlal & Sons Stockbrokers remains