Vodafone Idea Share Price | Penny stocks will rise again, important signals on stock chart, expert advice – NSE: IDEA
Vodafone Idea Share Price | Vodafone Idea Limited shares rose 5.60 per cent to Rs 8.11 on Thursday. Although in the last 1 month Vodafone Idea (NSE: IDEA) Ltd.'s shares have fallen 21.72%. The stock is down 52% so far in 2024. (Vodafone Idea Limited Company Excerpt)
Vodafone Idea Ltd. shares were up 10% during intraday trading on Monday, October 28. The stock gained 5.60 percent on Thursday. The total market cap of Vodafone Idea Limited was Rs 56,523 crore.
The company gave an important update
Earlier this month, Vodafone Idea Ltd told the stock exchange that the company had submitted a detailed statement to the Central Department of Telecommunications. Vodafone Idea Ltd said it is in talks with the telecom regulator to remove the requirement of bank guarantee for spectrum acquired before 2022. As of September 2024, the promoters of Vodafone Idea Limited Company held 37.32 percent stake and the Central Government held 23.15 percent stake.
Expert advice
Stock market experts have advised to be cautious regarding Vodafone Idea Limited Company shares. Vodafone Idea Limited company share is supporting at Rs 7.5 and resistance at Rs 9.10. Expert of Anand Rathi brokerage firm said, if the share of Vodafone Idea Limited crosses the level of Rs 9.10, then it can rise to Rs 11.
stock daily chart
SEBI registered stock market expert AR Ramachandran said that Vodafone Idea Limited Company share has strong support at the level of Rs 7.5 on the daily chart. Vodafone Idea share is expected to go up to Rs 10 in the near future.
How much return did the stock give?
The stock has declined 38.56% in the last 6 months. The stock has declined 31.56% in the last 1 year. The stock has given 88.60% returns in the last 5 years. The stock is down 52.29% on a YTD basis.
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