Vodafone Idea Share: Shares of telecom sector company Vodafone Idea were bought well on Friday. Due to this, it increased by more than 4 percent. The share reached Rs 9.72 per share on BSE with an increase of 4.85 percent. The most important thing is that this rise in the shares of Vodafone Idea came amid a selling environment in the stock market. Benchmark BSE Sensex and NSE Nifty 50 indices were trading lower amid weak global cues.
Expectations of further rise in shares
Global brokerage firm Citi has maintained its ‘buy’ rating on Vodafone Idea shares and has kept a target price of Rs 14 per share. This means that the shares can gain up to 51 percent in the coming time. On Friday, Vodafone Idea shares rose 4.85 percent to its high of Rs 9.72 in intraday trade.
In fact, the Supreme Court has recently allowed the re-evaluation of the outstanding adjusted gross revenue of Vodafone Idea. Due to this, the sentiment of investors and brokerage firms regarding shares remains strong. Vodafone Idea’s total AGR liability as of March 2025 was more than Rs 83,500 crore, which includes additional dues of Rs 9,450 crore.
Board meeting will be held soon
The company’s board meeting is going to be held on Monday, 10 November 2025. In this, along with many other things, the financial results of the company for the second quarter ending September 30, 2025 and the last six months will be considered. According to estimates made by JM Financial, Vodafone Idea is expected to post a net loss of Rs 6,823.5 crore for the quarter ending September 2025. The company had suffered a loss of Rs 7,175.9 crore in the same quarter a year ago. There was a loss of Rs 6,608.1 crore in the quarter ending June 2025.
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