vodafone q2 results loss expands 4g network sites added debt rs 3250 crore share price bse nse target

Vodafone Idea shares stay successful absorption successful Thursday's league aft the company's Q2 results came aft marketplace hours connected Wednesday. For the September quarter, the company's nett nonaccomplishment came successful higher than the erstwhile quarter's nett nonaccomplishment and adjacent Zee Business reesearch estimates astatine Rs 7,175.9 crore.

After the company's weaker-than-expected earning, the brokerage JP Morgan has fixed a 'neutral' telephone connected the banal with a people of Rs 10 per share. The people implies an upside of 36 per cent from the past closing terms of Rs 7.37 per share.

As per the brokerage, the institution missed connected gross and EBITDA during the September quarter, nevertheless it anticipates an summation successful capex successful H2.

Further, it added that banal reaction  will beryllium connected management's commentary connected the update connected indebtedness funding.

The institution connected the sidelines of its Q2 net said its indebtedness from banks and fiscal institutions reduced by Rs 4,580 crore to Rs 3,250 crore successful the past 1 year.

Its outgo obligations owed to the authorities stood astatine Rs 2,12,260 crore, arsenic of September 30. That included deferred spectrum outgo obligations to the tune of Rs 1,41,940 crore and adjusted gross revenue-related liabilities of Rs 70,320 crore.