Vodafone Idea Stock Price Marginally Up Today

New Delhi, June 4, 2025: Shares of Vodafone Idea Ltd are marginally up in the early trading session on June 4, 2025, after opening 1.9% lower and closing sharply lower the previous day. This came after Ericsson India sold its remaining 0.6% stake, worth ₹428.44 crore, in the struggling telecom operator through open market transactions on Tuesday.

The stock dropped 3.69% on the BSE to close at ₹6.78, reacting to the large offloading. On the NSE, Vodafone Idea shares were trading at ₹6.70, down 1.03%, with the stock now hovering near its 52-week low of ₹6.46, which is significantly below its 52-week high of ₹19.18. It was expected that the stock would continue to fall due to the sell-off by Ericsson, which has significantly added to the company’s capital raising concerns.

The effect was reflected when the stock opened 1.9% lower on Wednesday, but soon stabilised and rose around 0.15% or ₹0.01 to hover around ₹6.79.

Bulk Deal Breakdown

According to BSE bulk deal data:

• Ericsson India Pvt Ltd sold over 63.37 crore shares, translating to a 0.9% stake

• The shares were offloaded at an average price of ₹6.76 per share

• The total transaction value stood at ₹428.44 crore

• Buyers remain unidentified

This sale follows Vodafone Idea’s June 2024 decision to issue shares worth ₹2,458 crore to Ericsson and Nokia to settle part of their dues.

Why Could Be The Reason For The Slight Rise? 

Vodafone Idea’s struggle with AGR dues owed to the government is ongoing, where it owes ₹83,400 crore in AGR dues to the government. However, investors have felt relief as the company has resumed talks with the government to seek a waiver of over ₹45,000 crore, comprising interest, penalty, and interest on penalty.

Furthermore, the company aim to raise bank funding of ₹25,000 crore, which has also been supported by the government’s recent conversion of the company’s dues worth ₹36,950 crore into equity and a recent credit rating upgrade.

Another contributing factor could be its financial recovery in Q4 FY25:

For the full fiscal year:

• Losses narrowed to ₹27,383.4 crore (from ₹31,238.4 crore in FY24)

• Revenue grew 2.1% YoY to ₹43,571.3 crore

What’s Ahead For Vodafone Idea?

The telco acknowledged the Supreme Court’s dismissal of its relief plea on AGR dues but signalled continued efforts to engage with the government based on projected cash flows. The Supreme Court’s clarification that, although it has dismissed the company’s plea, it will not stand in the way of the company if the government wishes to intervene is a welcome step for the company’s future.

There is no denying that Ericsson’s sell-off is a big blow to the company’s fundraising efforts as the company battles financial difficulties. However, the resumed talks with the government for AGR dues relief and a slight recovery in its financials could positively affect investor sentiments. However, as Vodafone Idea is a multibagger stock, investors will be cautious about its performance in the rest of the trading session and in the near term.

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