Vodafone Idea Share Price Target: A telecom company that is in debt Vodafone Idea shares are in focus on Thursday. The company’s shares saw an increase of 2.5 percent gain in the early trading on Wednesday.
Today we have the September quarter’s results that are behind this surge in stocks. In fact, the deficit of the company has been reduced in this month’s September quarter. The analysts are neutral about this share.
What is the price target?
A brokerage firm keeps a neutral rating for the share with the target price of 10. The 52-week low price for Voda Idea shares is Rs 7.32.
The shares of the company have fallen by 6% over five days, and by 18 percent over the course of the course of a month. The stock is down 43% over the course of six months.
The share this year YTD has been down by 55 percent. As high as 46% was broken during the year. Its market capitalization is 52,344 crore. The 52 week peak price of shares is 19.15.
September quarter results
Vodafone Idea Ltd. (VIL)’s integrated deficit for the second quarter of the fiscal year which ended in September was reduced to 7,175.9 crore.
In the previous year the company suffered losses of Rs 8,746.6 crore during the same time frame. In a statement to stock exchanges the company stated that its revenue from integrated services grew in 1.8 percent to 10,918.1 crore in the quarter.
It was at 10,714.6 crore in the same time frame one year ago. The company’s total operating revenue has grown to 10,932.2 crore in the last period. It was 10,716.3 crore during the same time frame one year ago.
Quick Fact
| Vodafone Idea | Information |
|---|---|
| Market cap | ₹52,344 crore |
| Recent share increase | 2.5% |
| Recent intraday high | ₹7.55 |
| Recent close price | ₹7.37 |
| September quarter loss | Reduced to ₹7,175.9 crore |
| Previous year loss | ₹8,746.6 crore |
| Integrated revenue (Q2) | ₹10,918.1 crore |
| Integrated revenue (Last Q2) | ₹10,714.6 crore |
| Operating revenue (Q2) | ₹10,932.2 crore |
| Operating revenue (Last Q2) | ₹10,716.3 crore |
| 5-day share drop | 6% |
| 1-month share drop | 18% |
| 6-month share drop | 43% |
| YTD share drop | 55% |
| Possible target price | ₹10 |
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