Vodafone Idea Ltd (NSE: IDEA): Vodafone Idea Ltd’s stock is falling continuously. The stock has fallen 10 percent in a month. The stock has fallen 7 percent from January to September.
However, the stock has increased by 50 percent in September 2024 as compared to September 2023. The stock has increased 110 percent in three years.
What Next?
A market expert shows that if you are a trader, then put a stop loss of Rs 14.
If you’re a long-term investor, place an amount of stop loss equal to 11 rupees on your stock. If the stock goes above Rs 17, then it can show a target of Rs 22.
The Tension-Increasing News Came On Monday
There is news about debt-ridden telecom company Vodafone Idea Ltd that the company has received notices related to GST.
A demand notice has been received from a variety of GST offices for more than 73 crore rupees. It includes tax arrears penalties, and interest. The company gave this information on the exchange on Monday.
What Should Investors Do Now?
In the latest report of a brokerage firm, it is advised to hold the stock, that is, those who already have it should keep it with them. No new purchase is required at the moment. The new target for the stock is Rs 16.5.
Apart from this, a report has come from another brokerage firm. In the report, the target for the stock has been reduced from Rs 23 to Rs 22. The report says that the income has been less than the brokerage house’s estimate.
Quick Fact
| Company name | Vodafone Idea |
|---|---|
| Stock fall in 1 month | 10% |
| Stock fall from Jan to Sep | 7% |
| Stock increase Sep 2023 to Sep 2024 | 50% |
| Stock increase in 3 years | 110% |
| Stop loss for traders | ₹14 |
| Stop loss for long-term investors | ₹11 |
| Possible target price | ₹22 |
| GST demand notice amount | ₹73 crore |
| Stock advice by brokerage firm | Hold |
| Possible new target price by brokerage firm | ₹16.5 |
| Possible target reduced from | ₹23 to ₹22 |
| Reason for target reduction | Lower income than the estimate |
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