Vodafone Idea Share Price is in the news after a much-needed boost by the Government of India. How will this affect the share price? Let’s find an expert’s recommendation, with target prices.
Vodafone Idea Share Price in Today’s Market
As of today, Vodafone Idea Share Prices are at Rs 8.24 which is 1.73% Up from yesterday’s closing. Today stocks opened at Rs 8.31 and touched a high of Rs 8.43. The current UC limit is Rs 8.91 and the LC limit is Rs 7.29.
Company Financials
The company has reported a huge net loss of Rs 6,609 Crore in the third quarter of FY 24-25. This has improved from last year but Revenue from operations only grew by 4% to Rs 11,117 Crore. VI is also facing a subscriber decline of 2.5% totaling at 199.8 million. Not only this the company is in financial struggle also, as it has more than Rs 2.3 Lakh in dues.
Recent News about Vodafone Idea
- Vodafone Idea has plans to expand its 5G network service across major cities like Delhi, and Punjab and opt for competitive pricing.
- The company is also getting in partnership with satellite communication providers to enhance offerings.
- Despite all these bankers are hesitant about lending anymore due to uncertainties regarding future payment and stability.
Vodafone Idea Share Target Price
Recently Vodafone Idea Share Price witnessed a jump. Now analysts are suggesting multiple Price targets. Some suggest Shares could reach Rs 9.40 by the end of 2025. Some others suggest it could reach between Rs 4.52 to Rs 10.40. Motilal Oswal Financial Services recommends it could reach 6.50 and Macquarie suggests a price of Rs 7.
Recommendation on Buy or Sell
As the Government is interested in getting more equity in Vodafone Idea, short-term improvements are expected, but long-term risks are still there. On moneycontrol’s website, 14% of 22 analysts suggest Buying Vodafone Idea Shares. On the other hand, 27% suggest Hold and 27% suggest Sell. On Trendline, Consensus suggests Hold for these shares.
