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Citi upgraded Vodafone Idea to "buy" with a target price of Rs 13 per share, citing a significant bank guarantee waiver for spectrum payments. This relief eases financial pressure, improving funding prospects. Indus Towers also benefits.
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News and Media
Adani Green Energy (AGEL) shares fell 2.3% after CEO Amit Singh announced his resignation, effective March 2025. Ashish Khanna will succeed him. AGEL stock has declined 34.4% in the past year and 45% in the last three months.
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News and Media
Hence, we expect segments with high valuations to undergo consolidation in the near term, if it lacks new earning growth triggers. While we continue to find opportunities across the markets, we believe individual stock picking will be important in this market.
Category:
News and Media
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