Yesterday, on 28th March 2025, Vodafone Idea Share Price experienced a slight decline in its share prices. VIL’s stock has underperformed over the last year, declining 46.59%, indicative of the telecoms industry’s continued difficulties.
Concerns were raised about the company’s financial security due to its inability to obtain government relief regarding the demand for Rs. 6,090 crores in bank guarantees.
Such developments may have influenced investor sentiment, leading to a dip in VIL’s share prices. On 28th March, VIL’s shares opened to the market at Rs. 6.99 and recorded a day-high of Rs. 7.13 and a day-low of 6.77.
Government’s Investment in Vodafone Idea
Per Section 62(4) of the Companies Act of 2013, the Ministry of Communications ordered VIL to issue equity shares to the government for Rs. 36,950 crore on 29th March. The order required VIL to transfer shares to GoI within 30 days. The order also needs approvals from relevant authorities like SEBI- Securities and Exchange Board of India.
The Indian government disclosed a relief package in September 2021, aiming to provide financial assistance to underperforming telecom sectors. Aligning with this decision, The GoI announced an increase in its stake in Vodafone Idea to approximately 48.99%. The government plans to convert Rs. 36,950 crore of outstanding spectrum auction dues into equity. This would involve issuing 3,695 crore shares at ₹10 each, raising the government’s stake from its current 22.6%.
Vodafone Idea’s Share Price Performance On 28th March
At 15:59, when the market closed, the company traded their shares for Rs. 6.80. It was nearly 1.73% lower than its previous close of Rs. 6.92. According to the reports and estimates on Money Control, the current market capitalization was 48,547 cores; the UC Limit was 7.61, and the LC Limit was 7.61.
Company Financials
During the third quarter of the fiscal year 2024-25, Vodafone Idea reported a Net Loss of Rs. 6,609 crore, compared to a loss of Rs. 6,986 crore in the same quarter the previous year. The company reported that its revenue from operations increased by 4%, at Rs. 11,117 crores, compared to Rs. 10,673 crores in the third quarter of the last fiscal year.
Vodafone Idea’s subscriber base count declined to 199.8 million, indicating a 2.5% decrease.
Recent News About Vodafone Idea
- VIL plans to launch its 5G mobile broadband services in March 2025 to stand against competition from market leaders Reliance Jio and Bharti Airtel.
- VIL seeks partnerships with satellite communication providers, including Elon Musk’s Starlink. It plans to extend services to areas lacking traditional network coverage.
Vodafone Idea Share Price Target
As per reports from Trendlyne, the experts calculated that Vodafone Idea Ltd. has an average target of 11.53. The consensus estimated an upside of 69.56% from the last price of 6.80.
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne and MoneyControl supported selling and holding the shares. On MoneyControl, only 14% of experts recommend buying. Before investing in Vodafone Idea, consider its long-term performance and consult your analyst to make the perfect move.
