Vodafone Idea shares: Shares of Vodafone Idea Limited (VIL) are continuously rising. The company’s shares rose by 6% to close at Rs 15.85 on Friday. At this price, it has increased by 24.70 percent in the last month and has registered a growth of 115.06 percent in one year. Let us tell you that recently the rating agency CARE Ratings has upgraded the company’s long term bank facilities from B+ to BB+. Since then, this sector is witnessing continuous growth. According to the analyst, there is a possibility of further growth in the coming days and this share can reach Rs 18.
What is the expert’s opinion?
Analysts suggest that VIL stock looks largely ‘positive’ on the charts. Support can be seen around Rs 15. The expected near term target would be Rs 18. Shiju Koothupalakkal, Technical Research Analyst, Prabhudas Lilladher (PL) said, “The stock has recovered from Rs 14 zone while correcting bias. Expected near term targets will be Rs 17.80 and Rs 18.30. Support will be Rs 14.50.” Vaishali Parekh, vice president of technical research at PL, said the counter is likely to reach Rs 18 in the near term. “The stock looks positive on the daily chart. It has the potential to reach upper target of Rs 18 with stop loss of Rs 15,” said Ravi Singh, senior vice president (retail research), Religare Broking.
Ashish Kacholia bet on this company, bought 8 lakh shares on the very first day
Shares of this small company jumped 4500%, made 47 lakhs from Rs 1 lakh in 4 years
corporate planning
Average revenue per user (ARPU), a key performance metric for telecom companies, rose to Rs 146 from Rs 135 a year ago. The company has successfully raised a total of Rs 18,000 crore from its follow-on offering (FPO). It is planning to launch its 5G services in select areas. VIL CEO Akshay Mundra said the 5G rollout could cover 40 per cent of the company’s total revenue base in the next 24-30 months.
