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₹13 Shares May Crash; Share Can Touch ₹2; More Than 80% Share Crash Alert


Vodafone Idea Ltd (NSE: IDEA): Vodafone Idea Ltd’s share has fallen by over 13 %, to 13.43 rupees. The share of the company was traded at 15.09 rupees on Thursday.

Market experts believe that Vodafone Idea Ltd’s share may see the beginning of a steep decline.

A leading brokerage house in the world has advised selling Vodafone Idea Ltd’s share. Brokerage house IHS has kept a “sell” rating for telecom’s shares.

Vodafone Idea Share Can Go Up To 2.50 Rupees

The world’s largest brokerage firm has set an estimated price of 2.50 rupees for Vodafone Idea Ltd’s share.

In other words, Vodafone Idea Ltd share may see the shares drop by more than 80 % from their closing value.

The brokerage firm believes that the recent capital that the company has raised is not enough to halt its declining market share.

International brokerage firms estimate that the market share of the company could be subject to a further drop by 300 basis points in the next three to four years.

More Than 150% Rise In The Company’s Share In 5 Years

Vodafone Idea Ltd share has gained over 150 % in the past five years. The share of the company was trading at 5.18 rupees on the 6th of September 2019.

The share of the telecom company has risen to Rs 12.91 as of 6 September 2024. Vodafone Idea Ltd’s share has seen an increase of 25 % last year.

The share of the company traded at 10.65 rupees on the 6th of September, 2023. Vodafone Idea Ltd share reached the price of 12.91 rupees on September 6, 2024.

The 52-week highest of the shares of the company is 19.15 rupees. However, the 52-week low of shares in the company is 9.55 rupees.

Quick Fact

Company name Vodafone Idea
Recent share fall Over 13%
Current share price ₹13.43
Previous share price ₹15.09 (Thursday)
Expert opinion Steep decline expected
Recommendation Sell
Analyst house IHS
Possible target price ₹2.50
Potential drop More than 80%
Reason for decline Insufficient capital
Possible market share drop 300 basis points
Time for market share drop Next 3-4 years
5-year rise More than 150%
Share price 5 years ago ₹5.18 (6 Sep 2019)
Share price 1 year ago ₹10.65 (6 Sep 2023)
Share price change last year 25% increase
52-week high ₹ 19.2
52-week low ₹ 10.3

Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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