Vodafone Idea Share Price Soars with Ups and Downs
📈📉📈 Vodafone Idea’s share price has been experiencing significant fluctuations in recent days. The stock has been trading under pressure from selling, but has seen a slight increase.
On Thursday, Vodafone Idea’s share price was trading at ₹13.40 with a 0.50% increase. Brokerage firm Kotak Institutional Equities experts have issued a ‘sell’ call on Vodafone Idea’s shares. The stock had closed at ₹13.20 on Friday, May 17, 2024, with a 0.38% increase.
On Saturday, May 18, 2024, the share price continued to rise, reaching ₹13.30 with a 0.60% increase. Experts have rated Vodafone Idea’s shares as high risk, high reward, with the potential to touch ₹23 in the coming bullish phase.
According to brokerage house Kotak experts, the stock may experience a downward trend of up to ₹10 in the coming days. Vodafone Idea recently completed its FPO, raising significant funds to repay debts.
The company is still burdened with debt and may need more capital. It is estimated to have a net loss of ₹7,680 crores in the March 2024 quarter, with revenue expected to be ₹10,690 crores.
Stay tuned for more updates on Vodafone Idea’s share price!
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.
