{"id":82869,"date":"2023-01-11T19:30:00","date_gmt":"2023-01-11T14:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=82869"},"modified":"2023-01-11T19:03:10","modified_gmt":"2023-01-11T13:33:10","slug":"stock-to-sell-jp-morgan-expects-this-stock-to-fall-by-more-than-55","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-to-sell-jp-morgan-expects-this-stock-to-fall-by-more-than-55\/","title":{"rendered":"Stock to Sell: JP Morgan expects this stock to fall by more than 55%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-705938093\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Telecom Operator <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IDEA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Vodafone Idea<\/a><\/strong> recently sought emergency funds of at least \u20b9 7,000 crores from local banks, according to reports. It approached the State Bank of India, Punjab National Bank, HDFC Bank and IDFC First Bank amongst others. However, lenders could wait for capital infusion by its promoters\u2014 India\u2019s Aditya Birla Group and UK\u2019s Vodafone Plc, or they could waid for equity conversion by the government.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1417212961\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Vodafone Idea\u2019s shares hit a 52-week low of \u20b9 7.15 apiece on the National Stock Exchange (NSE) on Wednesday. The company\u2019s shares have been reeling under pressure for quite a few years now. Its share price eroded investors\u2019 money as it fell by 41.80% in the past year and by 88.64% in the past five years.&nbsp;<\/p><p>Global Brokerage CLSA, in its outlook on the telecom sector recently said that 2023 will be a decisive year for the company. Its financial crisis has not been averted, with delays in fundraising and pending conversion of four years\u2019 interest on spectrum and AGR (Adjusted Gross Revenue) payment into equity for the government.&nbsp;<\/p><p>According to its report, Bharti Airtel and Jio together control a 77 percent market share and they will continue to gain.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1791041008\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Vodafone Idea has a debt of more than \u20b9 2,00,000 crores. Telecom minister Ashwini Vaishnaw said that the conversion of equity alone would not solve the company\u2019s financial problems. He added that it needs a capital injection from multiple sources.&nbsp;<\/p><p>In its latest report, JP Morgan said that Vodafone Idea is its key avoid in the telecom sector, given significant leverage and continued market share losses. The company has struggled to keep pace with 4G transitions, as compared to Jio and Airtel over the last three years.&nbsp;<\/p><p>\u201cIts higher regulatory payouts from the judgement in the AGR case and higher spectrum outgo (post-moratorium) also limit its ability to invest in the network for coverage and capacity&#8221; JP Morgan added.&nbsp;<\/p><p>JP Morgan has maintained its underweight rating on the share with a target price of \u20b9 3 per share. This indicates a down side of 59.73% as compared to the Vodafone Idea\u2019s closing price of \u20b9 7.45 on Wednesday.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2550654881\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Telecom Operator Vodafone Idea recently sought emergency funds of at least \u20b9 7,000 crores from local banks, according to reports. It approached the State Bank of India, Punjab National Bank, HDFC Bank and IDFC First Bank amongst others. However, lenders could wait for capital infusion by its promoters\u2014 India\u2019s Aditya Birla Group and UK\u2019s Vodafone [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5453,3828,2343,2342,5380,948,936,3153,3157,2597,2599,477,762,759,760,480],"class_list":["post-82869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-jp-morgan","tag-midcap-stocks-list","tag-nse-midcap-index","tag-nse-midcap-stock-index","tag-stock-in-focus","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-stocks-to-watch-in-2022","tag-vodafone-idea","tag-vodafone-idea-limited-latest-news","tag-vodafone-idea-news","tag-vodafone-idea-news-today","tag-vodafone-idea-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock to Sell: JP Morgan expects this stock to fall by more than 55% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Global Brokerage CLSA, in its outlook on the telecom sector recently said that 2023 will be a decisive year for the company. 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