Vodafone Idea Share Price | Penny stock continues to decline, now top brokerage gives BUY rating, share price will double – NSE: IDEA
Vodafone Idea Share Price | The share of Vodafone Idea Limited has fallen by more than 48 percent in the last one year, while the stock market Nifty-50 has fallen by 24 percent. (NSE: IDEA) Has increased. On Monday, October 18, the stock was trading at Rs 7.23, down 1.50 per cent. Vodafone Idea shares had touched a high of Rs 18.52 in June this year. Since then there has been a sharp decline in the stock. But now the top brokerage firm has given positive signals regarding the stock. (Vodafone Idea Company excerpt)
Nomura Brokerage Firm – BUY Rating
Vodafone Idea shares are likely to rise by more than Rs 10. Top brokerage firms are also giving positive signals on Vodafone Idea Limited Company shares. Nomura brokerage firm has given BUY rating to Vodafone Idea shares. Nomura brokerage firm has given a target price of Rs 14 while advising to buy shares of Vodafone Idea. On Tuesday (November 19, 2024), the stock was trading 0.14% higher at Rs 7.26.
Citi Research Brokerage Firm – BUY Rating
The brokerage firm of Citi Research has given BUY rating to Vodafone Idea shares. Citi Research brokerage firm has given a target price of Rs 13 for Vodafone Idea shares. Vodafone Idea Limited announced its second quarter results on November 14. Vodafone Idea's losses have declined on year-on-year basis. Also the average revenue per user has increased. According to City Research brokerage firm, Vodafone Idea has 2.05 crore subscribers. According to Nomura brokerage firm, Vodafone Idea Limited may start increasing its customer base from fiscal year 2027. Vodafone Idea is expanding the scope of its 4G network. Vodafone Idea is also investing in 5G services. Nomura brokerage firm estimates 14% CAGR of EBIDTA between FY24 and FY27. The company has increased the rates. Nomura brokerage firm believes that it will take some time to see its impact on Vodafone Idea company's revenue.
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