Vodafone Idea Share Price Updates : Vodafone Idea Stock Rises as Market Responds Positively
Vodafone Idea Share Price Today Live Updates: The stock rose 0.67% to close at 14.86 per share on June 6, 2024. Since it is now trading at 14.96 per share, it is important for investors to keep an eye on its performance in the near future.
Today, the share price of Vodafone Idea fluctuated, opening at ₹15.1, touching a high of ₹15.23 and closing at ₹14.86. The day’s low was ₹14.96. Vodafone Idea has a market capitalization of ₹102700.75 crore. Last year, its stock touched a high of ₹18.42 and a low of ₹7.03. 20156736 shares of Vodafone Idea were traded in Mumbai Stock Market today.
Futures Trading Higher by 0.67%; Futures Open Interest Increased by 118.8%
There is fresh data suggesting that Vodafone Idea shares are moving in a positive direction. Traders are advised to hold their long positions in anticipation of possible future upside.
Today’s Price range
Today, share prices of Vodafone Idea touched a high of ₹15.38 and touched a low of ₹14.91 during the trading hours.
Vodafone Idea Share Price Today : Volume Traded till 12 AM is -45.71% lower than Yesterday
Shares of Vodafone Idea are currently priced at ₹15.01, down 1.01% from the previous day, with trading volume down 45.71% as of 12 AM. Trend analysis involves monitoring both price and volume. A price increase with significant volume indicates a permanent uptrend, while a price decline with high volume may indicate a further decline in value.
Vodafone Idea Share: Share of Vodafone Idea Increased by 12%, know where Sanjeevani got from
Shares of Vodafone Idea, India’s third-largest telecom company, rose 12% in today’s trade. Credit rating agency Care Ratings has raised its long-term facility rating from B+ to BB+ and short-term facility rating from A4 to A4+. This news was released after market close on Tuesday. Despite a 17% drop in the stock on Tuesday, it rose 12% to Rs 14.85 on Wednesday. There may be a possible 25% increase in mobile tariffs after the elections, which will benefit the financial position of telecom companies.
Care Ratings has maintained a sell rating on Vodafone Idea. According to the agency, this stock can fall to Rs 8 and rise to Rs 20. But the condition for the uptrend is that due to a sharp increase in tariffs, the company’s average revenue per user should reach Rs 200 by FY 2026 and Rs 300 by FY 2030. Also, the company has to maintain its subscriber base of 21.3 crores.
In the fourth quarter of FY 2024, the company’s average revenue per user grew by 0.7 percent to Rs 146 crore. In some markets, there has been an increase in entry-level plans and 4G data customers have been added.
