Vodafone’s net losses have narrowed in the December quarter, with positive guidance on funding and gaining market share in the telecom space. The stock has potential upside given strong net ARPUs and the upcoming entry into 5G. Funding remains a key issue, but once resolved, the stock can be re-rated. PSU names, such as NBCC and HUDCO, are expected to surprise on the upside, along with energy and gas companies like Nalco and GAIL. Indigo, Ashok Leyland, Dhanlaxmi Bank, and Nalco are predicted to be outperformers.
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