Day: February 12, 2025

Vodafone Idea share price: Shares of telecommunications company Vodafone Idea, or Vi, declined on Wednesday, February 12, a day after the company released its latest Q3 report card.

The stock fell 2.7% to ₹8.58 per unit on the National Stock Exchange (NSE) at 9:22 am.

Vi reported narrowing consolidated losses to ₹6,609.3 crore in the third quarter of the current fiscal year, compared to ₹6,985.9 crore a year ago.

Revenue from operations advanced 4% to ₹11,117.3 crore in the quarter under review as against ₹10,673.1 crore in the same period last year.

Average revenue per user (ARPU), a key metric for all telcos, increased sequentially by 4.7% to ₹173 in Q3 FY25, compared to ₹166 in the September quarter.

In an exchange filing, vodafone Idea CEO Akshaya Moondra informed investors that the telco is driving investments and the velocity of capital expenditure deployment is set to accelerate in the coming quarters. He also informed that the phased rollout of 5G services is underway.

“We are pleased to report highest quarterly cash EBITDA since merger of ₹24.5 billion, registering a YoY growth of ~15%. With our intensifying investments, we anticipate further improvement in both operational and financial performance. With the recent equity infusion of ₹19.1 billion from one of our promoters, we have now secured approximately ₹260 billion in fresh equity capital over the past 10 months,” Moondra said.

The company is engaging with lenders for debt financing in line with its planned network expansion investment of ₹500-₹550 billion over three years, he said.

“The government’s decision on the bank guarantee waiver underscores its ongoing support for the telecom sector — a critical pillar of Digital India’s future,” Moondra added.

Quarter-on-quarter (QoQ), the losses were down from ₹7,175.9 in Q2 FY25, and revenue from operations surged 1.7%.

Vodafone Idea has a total subscriber base of 199.8 million, including 126 million 4G subscribers.

“We are on track to achieve our 4G population coverage target of 1.1 billion by March 2025 and plan to further increase it to 1.2 billion that is about 90 per cent of population,” Vi said in a regulatory filing.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

It has been a volatile few weeks for global financial markets as they braced for tougher tariffs from the US president Donald Trump. JIM ROGERS, chairman of Rogers Holdings, tells Puneet Wadhwain a video interview that he has sold out from nearly every stock market across the globe. If the markets were to correct more in India and investors were depressed, worried and despondent, he would then probably buy Indian stocks. Edited excerpts: 

How do you evaluate Donald Trump’s presidency thus far and its impact on the global financial markets? Do you expect him to follow through on his tariff threats, or are they just a scare tactic?

The situation with Mr. Trump is difficult to evaluate because he himself does not know what he wants. He changes his opinions every day and every week. We know what he has said and done in the past, so we have some idea of what he can/cannot do.  

My evaluation of Donald Trump is that he will do whatever he thinks is good for that day, or that week. Some of the things that he says and does are good for the US, while some are not. He said he will remove some of the restrictions and regulations, which I hope he will. He will also open up trade, and restrict it with people he does not like. 

I think that the world and the US will have a complicated future because Mr. Trump does not know what he wants. Donald Trump’s views are always changing, and that’s complicated.

So in essence, you think he is good for the US and bad for the global financial markets? 

Donald Trump was elected after a long period of bad (stock) market in the US. Now, the markets are relatively better as there has been a change of guard. It has been the longest period in American history without a problem. I think we will have a lot of problems soon. It does not matter who causes these problems – whether it is Donald Trump or someone else. That said, Washington seems to be open to places like India as they see a lot of change happening there. If I am right, these changes will be good for India and the US both. 

How do you see global markets shaping up in the next one year? What’s your view on India? 

I have already sold all my American shares, but I have not started selling short there yet. That’s because things are not crazy there as yet for me to go short on the US markets. The whole world, including the US, is overdue for problems. That’s because nearly all stock markets around the globe have done well recently.  

For instance, look at India. I had invested in India many times in my life. However, this is the first time in my life that I believe the central dispensation (government) in New Delhi understands the Indian economy, and what all needs to be done. I am more optimistic about India than before. For the first time in my life, I am actually enthusiastic about India. 

Which other equity markets across the globe appear attractive to you? Where all have you been investing? 

I do not like to buy markets that are making all-time highs. As a rule, if the markets are correcting and investor are not worried, I do not buy. So, if the markets were to correct in India and investors are depressed, worried and despondent, I would probably buy Indian stocks. I have sold out from nearly every stock market in the world, except China and Uzbekistan. I sold Japanese shares too soon, but that was my strategy. I own Chinese shares mainly because they have not seen a vibrant recovery post the Covid pandemic. They are trying to change and make things better.

Why are you not buying India after the sharp correction seen in the last few months? 

I am not buying Indian stocks now. The Indian stock markets are overreacting to global developments, especially related to Donald Trump. That said, if the Indian markets go down more from here on, I hope I can buy stocks there again. I need for the Indian stock markets to go down more before I start buying.  

The Indian stock markets made all-time highs in 2024. I now need to see a serious decline and despair in the Indian markets before I start buying. When people get despondent and desperate about Indian markets is when I would like to buy stocks there again.

Do you see more upside in gold prices? What about crude oil? 

I own gold, but not adding to my position right now. That said, I am interested in silver and will buy more this week. I also own crude oil, but not adding more of it to my portfolio just yet.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

Domestic equity indices staged a sharp recovery during the mid-market session as the key benchmark and broader indices recouped major losses. The broader indices, like NIFTY midcap 100 and small-cap 100, jumped 500 points from the intraday lows of 15490.

Meanwhile, broader indices were also trading in red with the BSE Midcap index and Small-cap index falling in the range of 0.70-0.85%.

Market participants were cautious as U.S. Treasury yields rose after testimony from Federal Reserve Chair Jerome Powell raised some doubt about the path toward lower rates. Rising crude oil prices also weighed on domestic sentiments. Crude oil prices rose amid concerns over Russian and Iranian oil supply and sanctions threats despite worries that escalating trade tariffs could dampen global economic growth.

On the global front, Asian markets traded mostly in green as investors digested U.S. President Donald Trump’s tariff impact on regional economies. Back home, in the stock-specific development, Indo Count Industries surged after the company reported a healthy set of numbers for the December 2024 (Q3FY25) quarter.

The SENSEX recouped major losses to trade at 75121, down by 121 points or 0.22% after trading in a range of 75388.39 and 76409.27. The index had 10 stocks advancing and 20 stocks declining.

The NIFTY50 traded at 23,039.55, down by 19 points or 0.14% after trading in a range of 22798.35 and 23097.95. The index had 18 advancing stocks and 32 declining stocks.

The top gainers on Nifty were SBI Life up by 3.01%, HDFC Life Insurance up by 2.21%, Apollo Hospital up by 1.88%, Tata Consumer up by 1.44% and Trent up by 0.96%. On the flip side, Indusind Bank down by 2.39%, Bharat Electronics down by 2.28%, Hero MotoCorp down by 2.19%, ITC down by 2.10% and Reliance Industries down by 2.01% were the top losers.

Asian markets were trading mostly in green; Hang Seng advanced 325 points or 1.53% to 21,619.86, Jakarta Composite gained 42.82 points or 0.65% to 6,574.81, Shanghai Composite strengthened 0.96 points or 0.03% to 3,319.02, KOSPI increased 7.62 points or 0.3% to 2,546.67 and Nikkei 225 surged 104.46 points or 0.27% to 38,905.63. However, Straits Times fell 2.08 points or 0.05% to 3,858.68 and Taiwan Weighted lost 43.65 points or 0.19% to 23,340.40.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com