vodafone idea share price target 2024

In today’s blog post, we will learn about Vodafone Idea share price target 2024, Vodafone Idea share price target 2025, Vodafone Idea share price target 2026 to 2030.

Vodafone Idea

Before we learn about Vodafone Idea share price target 2024 to 2030, let us learn about the company first. Vodafone Idea is a telecom company in India with its headquarters situated in Mumbai, Maharashtra, and Gandhinagar, Gujarat. The company provides services like Mobile telephony, wireless broadband, and Internet services through 2G, 4G, LTE, 5G, and VoLTE. The company, Vodafone Idea Limited, was created in the year 2018 after the merger of Idea Cellular and Vodafone India.

The terms of the deal required Vodafone Group to hold a 45.2% stake and Aditya Birla Group stake at 26%. The rest of the shares were held by the public then. Now the company is rebranded to Vi post the year 2020. Vodafone Idea owns spectrum from 900 MHz to 3500 MHz and 26 GHz bands across India. In September 2023, the company provided Vi Movies and TV app to its subscribers, both on Android and IOS platforms.

Fundamental Analysis – Vodafone Idea

The profit and loss of Vodafone Idea is shared in the table below:

P&L	Mar-19	Mar-20	Mar-21	Mar-22	Mar-23
Revenue (in cr)	37092	44958	41952	38516	42177
Expenses (in cr)	32976	30042	25006	22547	25424
Operating profit (in cr)	4116	14916	16946	15968	16753
PBT(in cr)	-18175	-61797	-44253	-28234	-29298
Net Profit (in cr)	-14604	-73878	-44233	-28245	-29301
EPS	-5.08	-25.71	-15.39	-8.79	-6.02

The revenue of Vodafone Idea has increased from Rs 38516 cr to Rs 42177 cr from the year 2022 to 2023. This is a net increase of 9% over the last year. During this period, the net loss has increased by 4%, which is a concern. For more fundamental details, readers are advised to visit the website screener.

Vodafone Idea promoter shareholding

The Vodafone Idea promoter shareholding has decreased from 72.05% to 50.36% from the year 2021 to 2023. FIIs shareholding has also decreased from 4.60% to 2.28% during the same period.

Shareholding	Mar-21	Mar-22	Mar-23
Promoters	72.05%	74.99%	50.36%
FII	4.60%	3.57%	2.28%
DII	1.07%	1.71%	54.00%
Public	22.28%	19.72%	13.64%
Government	0.00%	0.00%	33.18%

The DIIs shareholding has increased from 1.07% to 54% from the year 2021 to 2023. Also, Vodafone Idea shareholding of the government is at 33.18% in the year 2023.

Technical Analysis – Vodafone Idea

Below is the technical price action chart of Vodafone Idea on a monthly time frame. The price action chart shows a “Cup & Handle pattern” on a monthly time frame from the year 2008 to 2012. The “Cup & Handle pattern” is called so that the share of the pattern represents the “Teacup” and the handle of the teacup. The target of this pattern is the depth of the Cup and the stop loss will be 50% of this depth.

The height of the Cup is Rs 68.85 and the depth(low) is Rs 20.55. So the target will be Rs 117.15. As you can see in the chart, the target was achieved in the year 2015. The stop loss here would have been Rs 44.7.

Post this high, the price started declining and has made a low of Rs 2.70 during the Covid crash in the year 2020. The price has been consolidating since then and has recently given a breakout at Rs 11.85. Once the price closes above Rs 16.8, the price will start an up move to new highs.

The bar chart below shares the Vodafone Idea share price target 2024, 2025 to 2030. The targets are based on our understanding and more than a decade-long experience in the share market.

Vodafone Idea share price target 2025 is Rs 24 and Vodafone Idea share price target 2030 is Rs 55.

The table below shares the Vodafone Idea share price history on the monthly time frame for the last year. The table contains Open, High, Low, and Close prices of Vodafone Idea.

Date	OPEN	HIGH	LOW	CLOSE
01-Dec-23	13.3	13.55	13.2	13.25
30-Nov-23	13.2	13.4	12.95	13.05
01-Nov-23	11.9	13.55	11.8	12.8
31-Oct-23	11.75	12.2	11.65	11.85
03-Oct-23	11.75	12.05	11.4	12
29-Sep-23	11.75	12.1	11.6	11.65
01-Sep-23	9.15	10.4	9.1	10
31-Aug-23	9.15	9.35	9	9.05
01-Aug-23	8.35	8.45	8.25	8.25
31-Jul-23	8.35	8.6	8.25	8.3
03-Jul-23	7.5	7.7	7.4	7.55
30-Jun-23	7.45	7.55	7.35	7.45
01-Jun-23	7.2	7.25	7.15	7.15
31-May-23	7.15	7.25	6.95	7.2
02-May-23	7	7	6.75	6.9
28-Apr-23	6.95	7.1	6.9	6.95
03-Apr-23	5.85	6.25	5.8	6.15
31-Mar-23	5.9	5.95	5.7	5.8
01-Mar-23	6.85	7	6.8	6.9
28-Feb-23	6.7	6.9	6.65	6.8
01-Feb-23	7.15	7.2	6.6	6.7
31-Jan-23	6.9	7.15	6.75	7.05
02-Jan-23	7.9	8.1	7.85	8
30-Dec-22	8	8.05	7.85	7.9

The readers who wish to know more about the share price history may visit the website nseindia.

What is Vodafone Idea share price target 2025?

The share price target of Vodafone Idea 2025 may be Rs 24.

What is Vodafone Idea share price target 2026?

The share price target of Vodafone Idea for the year 2026 may be Rs 34.

What is Vodafone Idea share price target 2027?

The share price target of Vodafone Idea for 2027 may be Rs 40.

What is Vodafone Idea share price target 2030?

Vodafone Idea share price target 2030 may be Rs 55.

What is Vodafone Idea share price target tomorrow?

The share price target of Idea Tomorrow can be speculated based on the technical chart study, fundamental study, candlestick formation, options chain, etc.

Where can one check Vodafone Idea share price nse history?

Vodafone share price history may be checked on the website nseindia.

Who are the major competitors of Vodafone Idea?

The major competitors of Vodafone Idea are Bharti Airtel and Reliance Jio.

Conclusion

The above blog post is based on our understanding & decade-long experience in the share market. This article is in no way a buy or sell recommendation. Investors are advised to consult their financial advisors before making any investment decisions in Vodafone Idea. We are not SEBI-registered advisors and the above articles should not be taken as a piece of investment advice. Readers who wish to learn more may visit the links below:

Vodafone Idea share price target 2024 to 2030