Why analysts remain bearish on Vodafone Idea stock despite narrowing Q4 losses

Most brokerages maintain their bearish outlook on telecom company Vodafone Idea, despite its narrowing quarterly loss. CLSA and Yes Securities recommend selling the stock, while Motilal Oswal maintains a neutral stance and Nuvama advises reducing holdings. Vodafone Idea reported a consolidated net loss of Rs 6,419 crore ($859m) for Q4 2020, compared with a loss of Rs 6,563 crore in the same period last year. The revenue growth was muted at Rs 10,532 crore, up 3% YoY. Vi continues to look for investors to raise funds.