Vodafone Idea shares gain 14% in 7 days despite decline in subscribers and market share in May
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Driven by investors' interest, the shares of Vodafone Idea have surged by 14% in 7 trading sessions, to a high of Rs 7.49 hit on the BSE in today's trade. This comes even as the company witnessed a loss of market share as well as active subscribers in the month of May.On the performance front, a report by domestic brokerage firm ICICI Securities stated that Vodafone Idea's active subscribers dipped by 1.3 million to 173 million for May 2025, while it rose by up to 7.4 million for the competitors.Further, the company's active subscriber market share also witnessed a fall of 23 bps to 16%, as against Reliance Jio at 42.8% and Bharti Airtel at 35.8%. Vodafone's net subscribers also decreased by 0.3 million.In the Mobile Broadband (MBB) segment, Vodafone Idea's share declined by 20 basis points to 13.9% over the same period. Meanwhile, Bharti Airtel's market share rose to 32%, an increase of 30 basis points.On the other hand, Reliance Jio's MBB (excluding FWA) subscriber base grew by an average of 2.3 million per month between December 2024 and May 2025, reaching 475 million. After adjusting for inactive subscribers, Jio's mobile broadband market share stood at 50.8%, up 20 basis points from November 2024.With this, ICICI Securities has assigned a 'hold' rating for the stock.The stock's total traded quantity stood at 252.94 lakh while the total turnover was Rs 18.73 crore around 11 am. Its market capitalization at the time was at Rs 80,932.25 crore.On Saturday, Vodafone Idea announced, via a regulatory filing, about the changes made to the company's Articles of Association (AoA), wherein on of the key change is that the minimum shareholding required to be considered a significant shareholder has been reduced from 13% to 10%, excluding shares given to the Government of India.Around 11:15 am, the shares of Vodafone Idea were trading 1.2% higher at Rs 7.47 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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