Stock Market Activity on May 21, 2026: Vodafone Idea and Others See Volatile Movements Vodafone Idea remained the most actively traded stock on the National Stock Exchange (NSE) by volume for at least the seventh consecutive session on May 21, 2026. The telecom operator extended its gains as investors remained optimistic about its proposed ₹35,000-crore funding discussions with an SBI-led consortium. The stock’s rally followed a 52-week high reached the previous day, driven by renewed interest in the company’s long-delayed network expansion and 5G rollout plans. CEO Abhijit Kishore stated that talks with lenders were progressing “rapidly” after recent relief on adjusted gross revenue (AGR) dues and proposed promoter equity infusion measures. The company’s stock rebounded after a previous session of decline, as investors shifted focus from the Aditya Birla Group’s proposed ₹4,730-crore capital infusion to Vodafone Idea’s weak operational performance. Despite a consolidated net profit of ₹51,970 crore for the March quarter, primarily due to a one-time accounting gain related to AGR liabilities, revenue growth remained subdued at around 3% year-on-year. Analysts noted concerns about the company’s competitive positioning in India’s telecom sector, where it faces pressure from larger rivals. While optimism around fresh funding and government relief measures improved near-term sentiment, investors remain wary of Vodafone Idea’s massive debt burden and the significant capital required for network expansion. Jaiprakash Power Ventures also saw a sharp rise, climbing 3.33% after Adani Power signed definitive agreements to acquire a 24% stake in the company and related power assets from Jaiprakash Associates.#aditya_birla_group #vodafone_idea #sbi #abhijit_kishore #jaiprakash_power_ventures
Vodafone Idea's ₹45,000 Cr Network Plan Faces Funding Challenge Vodafone Idea (Vi) has announced a significant investment plan to strengthen its network infrastructure over the next three fiscal years (FY27-FY29), allocating ₹45,000 crore for expansion. However, the company faces a critical challenge in securing ₹25,000 crore in funded debt to support this initiative. Despite reporting a substantial net profit of ₹51,970 crore in Q4 FY26, which marks its first profit in six years, Vi’s operational losses and financial obligations remain a major hurdle. The funding plan relies on a mix of sources, including public sector banks led by SBI, private banks, and foreign financial institutions. Additionally, the company has received ₹4,730 crore in capital infusion from its promoter, Aditya Birla Group, signaling confidence in its turnaround strategy. CEO Abhijit Kishore aims to secure ₹10,000 crore in non-funded credit lines to support the expansion. The goal is to establish 60,000 to 70,000 new sites within 12-18 months, targeting an additional 12.5 crore subscribers. Vi’s financial position remains complex. While the Q4 FY26 profit was largely driven by a ₹55,622 crore relief from Adjusted Gross Revenue (AGR) liabilities, the company recorded an operational loss of ₹5,515 crore in the quarter and a cumulative loss of ₹24,059 crore for the full fiscal year 2026. Its market capitalization stands at approximately ₹1.40 trillion, significantly lower than Bharti Airtel’s ₹11.90 trillion and Reliance Industries’ ₹18.08 trillion. Vi’s negative P/E ratio highlights its financial strain, contrasting with Airtel’s P/E of 34.31 and Reliance’s 22.37. The company’s debt burden is substantial, with over ₹1.52 lakh crore in liabilities tied to spectrum and AGR obligations.#aditya_birla_group #bharti_airtel #vodafone_idea #sbi #abhijit_kishore
