Vodafone idea: Vodafone Idea's 5G entry faces risk of 5G being a marketing gimmick

Vodafone Idea is the telco that bid for the least amount of 5G spectrum. It won 850 MHz in 3300 MHz band vs 2,200/2,440Mhz by Bharti/Jio. BofA Securities said given VIL's weaker balance sheet, it believes that in the medium term, VIL could be at a disadvantage. Nomura said external fund-raise is key for 5G rollouts/market share defence for.
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1 months ago

Bajaj Auto: BofA Securities Assigns The Second Lowest Target Price

Bajaj Auto: BofA Securities Assigns The Second Lowest Target Price. The major reason behind the downgrade is the weak export outlook. Nigeria contributes nearly 25% of the total export volumes. The brokerage has not only cut the EPS estimates for FY23 and FY24 by 4-6% but also lowered the valuation multiple to 16x.
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2 months ago