Vodafone Idea
Vodafone Idea shares surge over 60% in six months on government support
Vodafone Idea share price has risen from ₹8.53 to ₹14.96 per share on the NSE in FY27, delivering around 75% return to shareholders. In the last six months, the stock has gained over 60%, moving up from ₹9.27 to ₹14.96.
Experts attribute the rally to strong government backing, including the conversion of AGR dues into equity, which made the Government of India the single largest shareholder. Additionally, relief on spectrum payout caps has eased short-term cash flow pressure for the company.
These developments contributed to a year-on-year reduction in Q1FY27 net loss and an improvement in ARPU to ₹195. Analysts note that such fundamentals have boosted investor confidence, prompting buying interest during dips.
On the technical front, Vodafone Idea shares face immediate resistance at ₹17. A decisive break above this level could see the stock test ₹21 in the near term. The stock has immediate support at ₹13.50 and strong support at ₹11.
Market experts advise investors with low risk appetite to wait for a breakout above ₹17 before entering, while those with higher risk tolerance may consider buying at current levels with a strict stop-loss at ₹13.50 or ₹11, depending on their risk profile.
The information provided is for educational purposes only and does not constitute investment advice. Investors are encouraged to consult certified financial experts before making any investment decisions.
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