Vodafone Idea Share Price | Vodafone Idea share will become a rocket again, note the beneficial update, target – NSE: IDEA
Vodafone Idea Share Price | Vodafone Idea Limited (NSE: IDEA) Shares of Vodafone Idea Ltd. rose sharply on November 26 after reports that the government had approved the waiver of bank guarantee of Vodafone Idea Ltd. Vodafone Idea Limited shares were trading 17.65 percent higher at Rs 8.20. (Vodafone Idea Limited Company Excerpt)
On Monday, the Union Cabinet approved waiver of bank guarantee for telecom operators on spectrum purchased before 2022, Moneycontrol reported. The move comes as a relief to Vodafone Idea Ltd, which owes bank guarantees worth Rs 24,700 crore to the central government. Indian telecom operators, including Airtel and Vodafone Idea, together have bank guarantee liabilities of more than Rs 30,000 crore. On Wednesday (27 November 2024), the stock was trading 10.36% higher at Rs 8.31.
Classic Pivot Level
Tuesday November 26, 2024 Classic Pivot Levels analysis of Vodafone Idea Ltd. stock shows that the key resistance levels in the daily time frame are at Rs 6.84, Rs 7.03 and Rs 7.14, while the key support levels of the stock are at Rs 6.54, Rs 6.43 and Rs 6.24. .
Nomura India Brokerage Firm – BUY Rating
Nomura India brokerage firm has announced BUY rating for Vodafone Idea Limited Company share. Brokerage firm Nomura India has given a target price of Rs 14 for Vodafone Idea Limited shares.
Continuous decline in share price
Vodafone Idea shares have fallen 0.61% in the last month. Vodafone Idea shares have declined 45.51% in the last six months. The stock has declined 38.11% in the last year. Vodafone Idea stock has given 19.71% returns in the last 5 years. This stock has declined by 51.76% since the beginning of the year.
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