Vodafone Idea tanks 7% ahead of Q3 results; here’s what brokers expect

NEW DELHI: Shares of telecom major Vodafone Idea tumbled 7 per cent in Wednesday’s session ahead of its December quarter earnings. The company will post its quarterly numbers on Thursday.

Kotak Securities expects a 4 per cent QoQ increase in revenue on the back of tariff hikes, partly offset by fall in subscribers to 308.1 million (311.1 million in Q2FY20).