Vodafone Idea Share Price | Penny stock slipped further, expert gave important signals, stock should BUY or SELL – NSE: IDEA
Vodafone Idea Share Price | The decline of the stock market did not stop on Wednesday 18 December 2024. Meanwhile, experts have given important advice on Vodafone Idea share. Geojit Financial Services brokerage firm has given important advice on Vodafone Idea shares. Geojit Financial Services brokerage firm has also announced the target price of the share. (Vodafone Idea Company excerpt)
Geojit Financial Brokerage Firm – Vodafone Idea Share Target Price
Geojit Financial Services brokerage firm has given HOLD rating to Vodafone Idea shares. The brokerage firm has reduced the target price of Vodafone Idea shares by 50 percent. On Thursday (19 December 2024), the stock was trading at Rs 7.67, down 1.67%. Vodafone Idea expects to see the impact of the recent tariff hike on ARPU and revenue in the next two quarters, according to Geojit Financial brokerage firm. Geojit Financial brokerage firm has given a target price of Rs 8.6 for Vodafone Idea shares, which was earlier Rs 17.
Vodafone Idea will raise funds
Vodafone Idea Limited has officially announced to raise Rs 1,980 crore by issuing preferential shares. The company will issue shares worth Rs 1,280 crore and Rs 700 crore to Omega Telecom Holdings and Usha Martin Telematics. This official announcement comes after Vodafone Idea raised Rs 18,000 crore through FPO.
Vodafone Idea shares gave 44.61% return
Vodafone Idea shares have fallen 2.38% in the last five days. Vodafone Idea shares have fallen 7.72% in the last one month. This stock has declined 53.65% in the last six months. Vodafone Idea shares have fallen 44.61% in the last one year. The stock has declined 54.06% on a YTD basis. Vodafone Idea shares have given 19.24% returns in the last five years. This stock has declined 84.91% in long term.
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