Penny Stock Under Rs 10 Jumps over 4 per cent to Record Highest Intraday Gains as Leading Telecom Company Launches 5G in Mumbai
The company reported a consolidated net loss of Rs 6,609.3 crore in Q3 FY25 as against a net loss of Rs 6,985.9 crore posted in Q3 FY24. Revenue from operations rose by 4.16 per cent year-on-year to Rs 11,117.3 crore in Q3 FY25.
Leading telecom operator Vodafone Idea (Vi) has launched its 5G services in Mumbai, bringing next-generation connectivity to customers in the city. With this rollout, Vi aims to enhance mobile experiences through widespread coverage and competitive pricing.
Shares of telecom service provider Vodafone Idea Ltd opened with gains of 4 per cent on Wednesday, March 19. Shares of the company are trading 4.72 higher at Rs 7.4. The stock is down 63 per cent from its 2024-high of Rs 19. The stock is also trading below its FPO price of Rs 11. The stock price has logged the highest intraday gains of Rs 0.32 since March 05.
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Vi’s 5G services are now available in Mumbai, backed by its spectrum holding and significant investments in next-generation infrastructure. The company is focused on delivering enhanced capacity, superior performance, and reliability.
To ensure a seamless experience, Vi has partnered with Nokia for its 5G rollout, integrating the latest generation of equipment designed to be leaner and energy-efficient. Additionally, the company has deployed an AI-based SON (Self-Organizing Networks) system, which continuously optimizes network performance for the best consumer experience.
Vi’s 5G introductory offer provides unlimited 5G data for subscribers on plans starting at Rs. 299, making it one of the most competitively priced options in the market. The service enhances user experience for video streaming, OTT apps, online gaming, video calls, conferencing, and downloads.
Vi’s 4G network has already been recognized for delivering the best mobile experiences in Mumbai, as per a recent OpenSignal report. With the launch of 5G, Vi is strengthening its network to meet the growing demand for high-bandwidth applications such as streaming, gaming, and real-time cloud access.
Over the past 12 months, Vi has raised ~Rs. 26,000 Crore in equity, including India’s largest FPO of Rs. 18,000 Crore and a promoter contribution of ~Rs. 4,000 Crore, enabling the company to accelerate its capex deployment. The company has planned an investment of Rs. 50,000 to 55,000 Crore over the next three years, aiming to expand its 4G network to cover ~90% of the Indian population while rolling out 5G services in key geographies.
Jagbir Singh, CTO, Vodafone Idea, stated, “Our focus is on introducing 5G meaningfully for our users. We have invested in building a robust 5G network by deploying the latest 5G technology. By expanding our infrastructure, we are delivering a network that is ready for the future—seamless, powerful, and built for the demands of modern connectivity.”
As of January 2025, the shareholding pattern shows that promoters hold 38.80 per cent, FIIs hold 9.89 per cent, DIIs hold 4.17 per cent, the government holds 22.63 per cent, and the public holds 24.50 per cent. Compared to the previous quarter, promoters' shareholding has increased from 37.32 per cent to 38.80 per cent, while FIIs' holding has declined from 10.17 per cent to 9.89 per cent. The government’s stake has slightly decreased from 23.18 per cent to 22.63 per cent. The public shareholding has marginally declined from 25.05 per cent to 24.50 per cent.
The company reported a consolidated net loss of Rs 6,609.3 crore in Q3 FY25 as against a net loss of Rs 6,985.9 crore posted in Q3 FY24. Revenue from operations rose by 4.16 per cent year-on-year to Rs 11,117.3 crore in Q3 FY25.
Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.