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HomeSHARE MARKETBrokerage Firm Upgrades Rating For This ₹13 Penny Stock; Also Increases Target...

Brokerage Firm Upgrades Rating For This ₹13 Penny Stock; Also Increases Target Price

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Vodafone Idea Ltd (NSE: IDEA): A major change was seen in the ratings of private sector telecom company Vodafone Idea. Global brokerage firm has given a ‘neutral’ opinion on this stock instead of ‘sell’. 

This upgrade in rating has been seen in this stock after the recent correction. Vodafone Idea shares are down 27% from their recent high of ₹18.4 per share.

Along with a neutral rating, brokerage has increased the target price on this stock from ₹ 11.5 to ₹ 13.1 per share.

Along with this target, the brokerage firm also said that there is little scope for further growth in the stock. The brokerage firm has also cited positive developments regarding funding as an important reason for this rating.

Vodafone Idea board on February 27 approved raising funds of ₹45,000 crore, of which about ₹20,000 crore will be raised through equity and equity-related instruments. 

The company also stated that they are currently in talks with lenders about loans to fund. After equity funding, the company will raise funds through debt.

The Company May Increase The Tariff

Brokerage report states that the recent announcement by Vodafone Idea is indicating that it is raising adequate funding.

This will help the company in reducing capex, the gap in the 4G network compared to other companies in the sector, and reducing the decline in market share. 

The company is considering a 10% increase in telecom tariffs in the first quarter of the business year 2025.

The company said in its note that Indian mobile revenue as a percentage of the country’s GDP is above the GEM average.

Entry-level data pricing in India is very expensive. We will keep an eye on the increase in ARPU going forward.

How Much Increase In ARPU Is Possible?

Brokerage estimates that Vodafone Idea may register a growth of 13-15% in ARPU during the business year 2025. The company may see a growth of 6-8% CAGR in the next 3 years.

About Vodafone Idea Ltd Company 

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₹ 64,501 Cr.
Current Price₹ 13.2
52-wk High₹ 18.4 
52-wk Low₹ 5.70
Stock P/E
Book Value₹ -18.7
Dividend0.00 %
ROCE-3.82 %
Face Value₹ 10.0
P/B Value
OPM39.9 %
EPS₹ -6.16
Debt₹ 2,40,651 Cr.
Debt to Equity

Vodafone Idea Ltd 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 better understand 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₹ 37,092 Cr
2020₹ 44,958 Cr
2021₹ 41,952 Cr
2022₹ 38,516 Cr
2023₹ 42,577 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:


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%


This article is a complete guide about Vodafone Idea Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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