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HomeSHARE MARKET162% Return From This ₹18 Share; 27 February Board Meeting For Fund...

162% Return From This ₹18 Share; 27 February Board Meeting For Fund Raising

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Vodafone Idea(NSE: IDEA): There has been a surge in the stock of the telecom sector company Vodafone Idea in the last few days.

Due to this increase, the shares have reached their 52-week record high. On the 23rd of February 2024, the stock has reached its 52-week record high of 18.40. 

Additionally, the stock has produced good returns in the past year. The 52-week lowest price was Rs 5.70.

One Year’s Return Is Given

In the past year, there was an impressive increase in the amount that Vodafone Idea has.

Vodafone Idea share gives an amount of 162% return to its investors in only one calendar year.

However, following such a high there are a myriad of doubts that investors have about whether the stock should be purchased or to be sold.

In the midst of the rising Indian stock market, significant buying interest was evident within Vodafone Idea shares.

The shares of Vodafone Idea saw a rise following the announcement of a board meeting held on the 27th of February, 2024 to discuss financing.

Positive Feedback

According to experts in the stock market the price of shares of Vodafone Idea continued to increase due to the announcement of a fund-raising.

The company’s board will meet in February 2024, to discuss the plan to raise funds, and the market has reacted to this positive news. 

He added it is possible that Vodafone Idea’s share price may remain in the bullish area for a couple of days and also predicted that the share price could reach 21 rupees per share over the short future.

Choice To Raise Funds

“Vodafone Idea share price is rising as the market has responded positively to the telco’s decision to raise funds,” said an expert, whe is the head of a reputed brokerage house. The company is scheduled to hold an upcoming board meeting on 27 February and thus investors are reacting positively to this positive change within the company.

An Opinion On The Price Of Shares?

Looking forward to further gains in Vodafone Idea shares, another expert said,

 “Vodafone Idea stock is positive according to chart patterns. The shareholders from the firm are advised to keep an end-of-day stop loss of an amount of Rs16 per share to achieve the immediate aim of Rs18.50 per share for the stock. “After sustaining above Rs18.50 level, they can go towards Rs21 per share level.”

About Vodafone Idea Ltd

Vodafone Idea Limited was formed as a joint venture between Aditya Birla Group, and Vodafone Group. The company is India’s biggest telecom service provider.

In India, the company offers voice and data services on a 2G/3G/4G platform. The company’s large spectrum portfolio will support the growing data and voice demand.

It is committed to providing delightful customer experiences, and to creating a truly “Digital India” by enabling millions to connect and create a better future.

The Company is developing infrastructure for newer and more intelligent technologies. 

The company is listed on the Bombay Stock Exchange and National Stock Exchange in India.

Fundamental Analysis of Vodafone Idea Ltd

Market Cap₹ 85,433 Cr.
Current Price17.6
52-wk High₹ 18.4
52-wk Low₹ 5.70
Stock P/E
Book Value₹ -18.7
Dividend0.00 %
ROCE-3.82 %
ROE
Face Value₹ 10.0
P/B Value
OPM39.9 %
EPS₹ -6.16
Debt₹ 2,40,651 Cr.
Debt to Equity

Vodafone Idea Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 15₹ 19
2025₹ 21₹ 26
2026₹ 27₹ 29
2027₹ 31₹ 34
2028₹ 45₹ 65
2029₹ 70₹ 86
2030₹ 100₹ 154
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Vodafone Idea Ltd Shareholding Pattern

Promoters Holding
Dec 202274.99%
Mar 202350.36%
June 202350.36%
Sept 202350.36%
Dec 202350.36%
FII Holding
Dec 20223.59%
Mar 20232.28%
June 20232.29%
Sept 20232.46%
Dec 20232.27%
DII Holding
Dec 20221.21%
Mar 20230.54%
June 20230.73%
Sept 20231.80%
Dec 20233.05%
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Govt. Holding
Dec 20220.06%
Mar 202333.18%
June 202333.18%
Sept 202333.18%
Dec 202333.18%
Public Holding
Dec 202220.14%
Mar 202313.64
June 202313.44%
Sept 202312.19%
Dec 202311.14%

Vodafone Idea Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 37092 Cr
2020₹ 44958 Cr
2021₹ 41952 Cr
2022₹ 38516 Cr
2023₹ 42577 Cr
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Last 5 Years’ Net Profit:

2019₹ -14,604 Cr
2020₹ -73,878 Cr
2021₹ -44,233 Cr
2022₹ -28,245 Cr
2023₹ -29,983 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.82
202016.11
2021-4.12
2022-3.08
2023-0.18

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:10%
Current Year:-4%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:
Last Year:

Sales Growth Over 10 Years:

10 Years:7%
5 Years:8%
3 Years:-2%
Current Year:2%

Conclusion

This article is a complete guide about Vodafone Idea Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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