₹14 Share Can Touch ₹50? Why All Investor Buying This Share? Recently 1,440 Crore Equity Share Allotted
Vodafone Idea Ltd (NSE: IDEA) Share: Today, in this post we’ll discuss about Vodafone Idea latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding.
We hope our analysis will provide you better insight about the company.
The stock fall 3.93 percent, and reached at Rs 13.45. The price has increased by 118 percent in one year. We can expect that this share price may touch Rs 50 in future.
The Company Is Planning To Raise Funds
Recently, the Board of Vodafone Idea has allotted equity shares of Rs 1,440 crore ATC Telecom Infrastructure from Optionally Convertible Debentures (OCD).
Following this, ATC’s stake in Vodafone Idea has increased to 2.9 percent. In the past, the company had revealed plans to raise around Rs 45,000 crore through both debt and equity.
The company also approved the raising of equity funds that can reach the amount of Rs 20,000 crore.
The company plans to hold its shareholders to a meeting on April 2nd, 2024.
The company anticipates completing its equity fundraising during the next quarter, with shareholder permission.
Promoters will also be part of the fundraiser. Vodafone Idea will raise funds via debt and equity to fund coverage of 4G and the rollout of 5G networks. capacity expansion.
“Telco will hold its shareholders at its meeting on April 2nd, 2024. It is expected to complete the equity raise within the next quarter dependent on shareholder consent. Promoters are also expected to take part in the proposed equity raise” the operator stated.
Telco CEO Akshay Mundra expressed optimism that VIL will be able to launch 5G services in six to seven months after raising funds.
Stock Situation
The counter was trading above the 5-day, 10-20-20 200-day, 150-day, and 200-day basic moving average (SMA) however it was lower than 30 days, 50-day, and 100-day SMA.
The counter’s relative strength index (RSI) stood at 52.35.
Technical Research Analyst said “This stock offered an indication of a decline. Further upside in the coming days requires a decisive break above Rs 14.12 level. After this, the stock has a target of Rs 16.40 and Rs 18.40.”
The primary support level is at around Rs 11.90.” At the time of December 2023, promoters owned 50.36 percent of the company.
About Vodafone Idea Ltd Company
Vodafone Idea Limited was formed as a joint venture between Aditya Birla Group, and Vodafone Group. The company is India’s biggest telecom service provider.
In India, the company offers voice and data services on a 2G/3G/4G platform. The company’s large spectrum portfolio will support the growing data and voice demand.
It is committed to providing delightful customer experiences, and to creating a truly “Digital India” by enabling millions to connect and create a better future.
The Company is developing infrastructure for newer and more intelligent technologies.
The company is listed on the Bombay Stock Exchange and National Stock Exchange in India.
Fundamental Analysis of Vodafone Idea Ltd
| Market Cap | ₹ 65,718 Cr. |
| Current Price | ₹ 13.5 |
| 52-wk High | ₹ 18.4 |
| 52-wk Low | ₹ 6.00 |
| Stock P/E | — |
| Book Value | ₹ -18.7 |
| Dividend | 0.00 % |
| ROCE | -3.82 % |
| ROE | — |
| Face Value | ₹ 10.0 |
| P/B Value | — |
| OPM | 39.9 % |
| EPS | ₹ -6.16 |
| Debt | ₹ 2,40,651 Cr. |
| Debt to Equity | — |
Vodafone Idea Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 15 | ₹ 19 |
| 2025 | ₹ 21 | ₹ 26 |
| 2026 | ₹ 27 | ₹ 29 |
| 2027 | ₹ 31 | ₹ 34 |
| 2028 | ₹ 45 | ₹ 65 |
| 2029 | ₹ 70 | ₹ 86 |
| 2030 | ₹ 100 | ₹ 154 |
Vodafone Idea Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 74.99% |
| Mar 2023 | 50.36% |
| June 2023 | 50.36% |
| Sept 2023 | 50.36% |
| Dec 2023 | 50.36% |
| FII Holding | |
| Dec 2022 | 3.59% |
| Mar 2023 | 2.28% |
| June 2023 | 2.29% |
| Sept 2023 | 2.46% |
| Dec 2023 | 2.27% |
| DII Holding | |
| Dec 2022 | 1.21% |
| Mar 2023 | 0.54% |
| June 2023 | 0.73% |
| Sept 2023 | 1.80% |
| Dec 2023 | 3.05% |
| Govt. Holding | |
| Dec 2022 | 0.06% |
| Mar 2023 | 33.18% |
| June 2023 | 33.18% |
| Sept 2023 | 33.18% |
| Dec 2023 | 33.18% |
| Public Holding | |
| Dec 2022 | 20.14% |
| Mar 2023 | 13.64% |
| June 2023 | 13.44% |
| Sept 2023 | 12.19% |
| Dec 2023 | 11.14% |
Vodafone Idea Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 37,092 Cr |
| 2020 | ₹ 44,958 Cr |
| 2021 | ₹ 41,952 Cr |
| 2022 | ₹ 38,516 Cr |
| 2023 | ₹ 42,577 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -14,604 Cr |
| 2020 | ₹ -73,878 Cr |
| 2021 | ₹ -44,233 Cr |
| 2022 | ₹ -28,245 Cr |
| 2023 | ₹ -29,983 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.82 |
| 2020 | 16.11 |
| 2021 | -4.12 |
| 2022 | -3.08 |
| 2023 | -0.18 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 10% |
| Current Year: | -4% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Last Year: | — |
Sales Growth Over 10 Years:
| 10 Years: | 7% |
| 5 Years: | 8% |
| 3 Years: | -2% |
| Current Year: | 2% |
Conclusion
This article is a complete guide about Vodafone Idea Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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