Vodafone Idea trades lower despite rating upgrade for bank facilities

Vodafone Idea share news :Vodafone Idea in Tuesday's shares traded in the red even as the ratings firm Care Ratings Limited (CARE) has upgraded its rating assigned to the Long-Term Bank Facilities and Short-Term Bank Facilities.

It is hereby informed that Care Ratings Limited (CARE), has upgraded its rating assigned to the Long-Term Bank Facilities and Short-Term Bank Facilities as per the rating letter issued to the Company today (i.e. on 21 April 2025), said the company's filing.

The rating rationale will be uploaded on CARE’s website in due course.as per the rating letter issued to the Company today (i.e. on 21 April 2025), it added.

In today's trade, the stock's day's low and high prices were recorded at Rs 7.95 and Rs 8.11 per share, respectively on the BSE.

For long-term bank facilities, the credit rating has been upgraded to CARE BB - ve (Outlook: Stable), while the short term bank rating has been changed to CARE A3.

In the previous day's trade, Vodafone Idea shares settled over 10 per cent higher as the centre increased its stake from 22.6 per cent to 48.9 per cent by converting a portion of the company’s spectrum payment dues into equity shares valued at Rs 36,950 crore.

Vodafone Idea stock price performance

On a 1-year basis, the stock has cracked over 38 per cent, while on a YTD basis it has gained by a tad.