Vodafone Idea, Mahindra Logistics Shares Surge on Strong Q3 Results

• Vodafone Idea shares rose up to 2% after reporting a narrower consolidated net loss of Rs 5,286 crore for the December quarter, compared to Rs 6,609 crore last year.
• Vodafone Idea's revenue from operations increased 1.86% year-on-year to Rs 11,323 crore.
• Mahindra Logistics shares surged 15.76% to an intraday high of Rs 341.95 on the NSE.
• Mahindra Logistics reported a consolidated net profit of Rs 3.25 crore, a turnaround from a loss of Rs 9.03 crore in the same quarter last year, driven by higher shipping demand.
• Motilal Oswal maintains a 'buy' rating on Mahindra Logistics, noting its revenue rose 19% year-on-year to Rs 1,898 crore, exceeding estimates.

Why It Matters: Vodafone Idea and Mahindra Logistics saw share price increases due to improved Q3 financial performance.