Vodafone Idea delays spectrum auction installment; shares rise

 Vodafone Idea and GTL Infra are trading higher, while Bharti Airtel and Railtel are down, following an ICRA report on Wednesday that projected modest revenue growth for the telecom industry in FY24.

Vodafone Idea's share has jumped 3.15 per cent in the last one month, but it has slid 12.56 per cent in the last one year. Photo: PTI/Representational

Telecom Stocks to Watch: Vodafone Idea is trading higher by 0.64 per cent to Rs 7.87 in early morning trading after a report on Thursday said that the company had sought 30 days more time to pay around Rs 1,680 crore for the spectrum auction instalment.

The share is up following a report from ICRA on Wednesday that projected modest revenue growth for the telecom industry in FY24.