Mutual funds signal confidence in Vodafone Idea despite headwinds. Institutional investors have increased their stake to 5.9% in the March 2026 quarter, up from 5.3% in December 2025, marking three consecutive quarters of accumulation. This sustained buying contrasts sharply with foreign institutional investors, who marginally reduced exposure to 5.56%. Promoters also raised their holding to 25.64%, reinforcing internal belief in the company's recovery prospects. However, the bullish positioning comes against weak fundamentals and stock performance. Vodafone Idea declined nearly 15% over three months, while the company posted a net loss of Rs 5,286 crore in Q3 with modest revenue growth of just 1.3% year-on-year. Technically, the stock trades below its 30, 50, 100, and 150-day moving averages, though it holds above the 200-day average.
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