Vodafone Idea Share Price Target: Hit 12% Higher After Large Brokerage Firm Rated As Buy, Says 80% Upside Likely

Vodafone Idea Share Price Target (NSE: IDEA): Vodafone idea share climbed to 14.38% in last 2 days after getting Buy signal from a large brokerage firm. The share price rise from Rs 13.60 and touched Rs 15.55 on Friday, 24^th May.

The brokerage firm increased its rating from “neutral” to “Buy’’, which is the main reason the share has gained momentum in the last 2 days and closed at price of Rs 15.10 on the last trading day.

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Vodafone Idea Share Price Target

A new share price target has been given for Vodafone idea ltd shares by the brokerage firm. The largest brokerage firm UBS stated that the share price of Vodafone idea may touch the level of Rs 18 from Rs 13.10, representing 30% growth from the previous target price.

UBS stated 70-80% upside rally could be possible even if the company has to pay to government.

Why UBS Sees a Rally in VIL Shares?

According to UBS the mobile tariff price may increase 15 to 20 percentage after the Follow-on public offering (FPO) in the next 12-24 months which will help Vodafone idea ltd to benefit from the tariff increase. In the first quarter of FY 2025-2026, it may increase by 10%.

Also, the brokerage firm thinks 50-75 percentage of AGR will be cancelled which would relief to VIL. The relief by supreme court or dues from the government could potentially lead to further surge in the share price.

The share valuation is quite cheap at the current price level that is why the stock is in focus recently.

Vodafone Idea Share News

So far this year, the share price has fallen 11.81% from the beginning of 2024. However, the share has given impressive return of 115.71% to shareholders in the last one year. The 52-week high Rs 18.40 and 52-week low Rs 6.85 respectively.

Vodafone Idea Fundamentals

Let’s have a quick look on some of the basic fundamentals of the company.

Market Cap	₹ 1,00,456 Crore
52 Week High/Low	₹ 18.40/₹ 6.85
Face Value	₹ 10
Book Value	₹ -12.96
ROE	39.40%
ROCE	14.63%
P/B Ratio	-1.17
P/E Ratio	17
Dividend Yield	0.00%
Debt	₹ 2,01,820.50 Crore
Sales Growth	9.67%
Profit Growth	-3.79%
EPS (TTM)	₹ -4.60

Vodafone Idea Ltd Share Holding Pattern

Let’s have a quick look on the shareholding pattern of the company.

Month	Promoters	FIIs	DIIs	Public Holding	Government
Apr-24	36.87	11.39	3.22	24.25	24.27
Mar-24	48.91	1.98	2.24	14.68	32.19
Dec-23	50.36	2.27	3.08	11.15	33.14
Sep-23	50.36	2.46	1.84	12.2	33.14
Jun-23	50.36	2.29	0.77	13.44	33.14

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