Vodafone Idea Ltd a narrower loss and 6% revenue growth

Vodafone Idea’s newsflow was led by another month of subscriber gains, heavy trading activity in its shares, and a positive brokerage call, even as funding concerns persist. TRAI’s August 2026 data showed the telco added over 5 lakh wireless subscribers, taking its base to 19.96 crore and lifting its wireless market share to 15.43%, extending the streak of monthly additions that began in February 2026. The stock traded around ₹13.18–13.37 during the day and saw exceptional volumes, with more than 6 crore shares changing hands and a traded value of about ₹80 crore, one of the highest among large‑caps. Jefferies has initiated coverage with a “Buy” rating and a ₹20 target, citing subscriber stabilisation, tariff hikes and operating leverage, though it also flags substantial funding needs and execution risks. Vodafone Idea has closed its trading window from 1 October ahead of its Q2 FY27 results, which are due later in October, after reporting a narrower loss and about 6% YoY revenue growth in Q1 FY27. The broader narrative remains that significant fresh capital is still required to fund its roughly ₹45,000 crore capex plan and sustain network investments to compete with Jio and Airtel.