Vodafone Idea shares rally 8% on SBI loan progress, tariff hopes
The rally was fuelled by reports that SBI has agreed to sanction its portion of a proposed loan after promoter companies agreed to provide guarantees
Vodafone Idea's shares surged by 8% on Tuesday following the potential approval of a State Bank of India loan and hopes for an industry-wide tariff hike. The telco's market capitalisation stood at approximately ₹1.65 lakh crore at the close, with over 153 crore shares traded, crossing the stock's recent average volume. Analysts expect a broader tariff increase around December 2026, which could benefit Vodafone Idea, particularly given its need to improve cash flows while scaling up network investment.
The company reported its first quarter of net subscriber additions since its merger, with its base rising to 193.1 million as of June 30, and average revenue per user increasing to ₹195.
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