Vodafone Idea share price : The share price of Vodafone Idea fell by 2% on Thursday and closed at the level of Rs 7.75. The company’s market capitalization is Rs 55.62 thousand crore. The stock is now close to its 52-week low level of Rs 6.61. There are some penny stocks in the stock market, whose prices have always been the center of attraction for retail investors. Common investors are always curious to know what is going on with the share price of Vodafone Idea, the popular stock in the telecom sector. It is considered to be the preferred stock of retailers.
The share price of Vodafone Idea fell by 2% on Thursday and closed at the level of Rs 7.75. The company’s market capitalization is Rs 55.62 thousand crore. The stock is now close to its 52-week low level of Rs 6.61. At present, it has fallen by 55% from its 52-week high of Rs 19.18. Shares of cash-strapped telecom company Vodafone Idea have been in the news lately as they continue to fall from their 52-week high value. The Vi stock has dropped 55 per cent from its 52-week high price of Rs. 19.18. Shares of Vi have fallen nearly 10 per cent in the last one week, while in the last two weeks, they have fallen 10 per cent.
Vodafone Idea share price Today Live
Vodafone Idea share price target
The share price of Vodafone Idea has now fallen below Rs 8 from a high of Rs 19.15 per share. Shares of Vodafone Idea have seen a significant decline and this decline is likely to continue. Brokerage firm Motilal Oswal, in its recent note, has given a sell rating to this telco stock. Vi is the only telco stock that has been given a sell rating, according to the brokerage report. Motilal Oswal has cut Vodafone Idea’s target price to Rs 5 per share.
The company recently announced its October-December 2024 quarterly results, reporting a reduction in its net loss. The telecom company also posted its highest quarterly cash EBITDA since the merger, at Rs 24.5 billion, which was 15 per cent higher than last year.
Vodafone Idea AGR dues
The company’s AGR dues are around Rs 70,000 crore and spectrum is around Rs 1,40,000 crore, CFO Murthy GVAS said. He further said that by the end of December 2024, they only have loans from banks, which is about Rs 2,300 crore.
Vodafone Idea debt
The debt-ridden telecom company’s borrowings from banks decreased by Rs 52.9 billion during the last one year and currently stand at Rs 23.3 billion at the end of Q3 FY25 as compared to Rs 76.2 billion in Q3 FY24.
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