Vodafone Idea Share Price Today: Vodafone Idea (Vi) jumped over 9 per cent on Friday (May 24) to trade above Rs 15 per share. This surge in Vi’s shares came after brokerage UBS upgraded the stock to a ‘Buy’ rating from ‘Neutral’.
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UBS predicts a potential 70-80 per cent rally in the stock. The brokerage firm suggests that relief may come for the cash-strapped telecom company from AGR reduction by the Supreme Court or equity conversion, supported by government moratoriums. This is likely due to the government’s aim of sustaining three viable private telcos.
Vodafone Share Price Target 2024, 2025
UBS has hiked the target price for Vodafone Idea to Rs 18 from Rs 13.10 earlier.
“VIL is most leveraged to any such relief, yet the stock is trading at a similar 11 times FY26e EV/Ebitda as Airtel and Jio. We believe risk-reward is attractive going into any such announcement and upgrade to Buy,” UBS said.
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Vodafone Idea Share Price Today
At the time of filing this report at 11:15 AM, Vodafone Idea’s shares traded traded at Rs 15.40, up 9.61 per cent against previous close.
The stock, in Friday’s session, surged above its 100-day exponential moving average (EMA). At the current market price, the stock is trading above its 5-day, 10-day, 20-day, 50-day, and 200-day EMAs.
The stock has a 52-week range of Rs 6.85 ad Rs 18.40.
Vodafone Idea Share Price History
Vodafone Idea is a constituent o S&P BSE 200 and enjoys a market cap of Rs 1,02,583.97 crore.
The teclo stock, as per BSE Analytics, has appreciated by 16.45 per cent in the past week. However, it has declined over 12 per cent in the past three months and over 9 per cent so far in this year.
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In the past one year, Vodafone Idea’s shares have delivered multibaggere returns of 121.70 per cent.
