Vodafone Idea Share Price Soars by 7% on Thursday Trading Session
📈 Vodafone Idea shares were trading at ₹16.40 with a 7% increase on Thursday. Positive news has led to heavy trading in the company’s shares. The board of directors will be meeting on 27th February to discuss raising funds for the company. They may decide to raise funds through rights issue, public offer, preferential allotment, private placement, qualified institutional placement, or other means. This sudden surge in the company’s share price has been noted.
Kumar Mangalam Birla Reaffirms Commitment to Revive Vodafone Idea
🤝 Business tycoon and Chairman of Aditya Birla Group, Kumar Mangalam Birla, has reiterated his commitment to pull Vodafone Idea out of its cash crisis. He stated, “We have started efforts to attract investors. We are trying to onboard new investors, but we cannot give a timeline for it.”
Vodafone Idea Posts Loss of ₹6,986 Crores for December 2023 Quarter
💸 Vodafone Idea reported a loss of ₹6,986 crores for the December 2023 quarter. The company has seen a slight improvement in its average revenue per user during this period. In the same quarter last financial year, Vodafone Idea had incurred a loss of ₹7,990 crores.
Experts Predict Vodafone Idea Shares Could Touch ₹25 Soon
🚀 Analysts believe that Vodafone Idea shares could reach ₹25 in the coming days. They recommend setting a stop-loss at ₹13.50 when buying shares and holding them until the target of ₹25 is reached. The company’s shares have shown significant growth in the past five months.
Technical Charts Indicate Strong Growth Potential for Vodafone Idea Shares
📊 Vodafone Idea’s shares are showing signs of strong growth on the daily technical chart. The 52-week high for the company’s shares was ₹18.42, while the low was ₹5.70. The total market capitalization of Vodafone Idea is ₹79,250.75 crores.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
