Stay updated with breaking news from Voda Idea. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Vodafone Idea share price: The company's consolidated revenue moved 0.7 per cent higher on a year-on-year (YoY) basis to Rs 10,607 crore for the quarter ended on March 31, 2024.
Sanjiv Bhasin discusses the US-China relationship and the impact of tariffs on imports, highlighting potential cost benefits for India due to lower reliance on China. He also mentions the positive market trends and opportunities for investors. Bhasin says: "If you want to get new entrants, Engineers and Ircon are two stocks which we think can double and still look cheap."
The brokerage also increased the target price for other key players in the sector with Bharti Airtels target at Rs 1,430 and Reliance Industries target price at Rs 3,340, foreseeing an upside of 13.5% and 17.4%, respectively.
Domestic brokerage house Prabhudas Lilladher has advised long-term SIPs (systematic investment plans) with Aditya Birla Group stocks. In its latest newsletter, the brokerage has endorsed the consistent wealth-building potential of these stocks.
When asked about Kotak Mahindra Bank shares, the market expert said immediate support will be at Rs 1,650. "A decline below the said support level can drag the stock towards Rs 1,600. Resistance will be at Rs 1,730-1,740 levels," Palviya told Business Today TV.