Vodafone Idea's stock is currently trading in the range of 6.00- 8.00, with a modest 11.4% increase over the past month. However, the forecast suggests that a significant improvement in the stock price is unlikely.
In March 2015, the stock price of Vodafone Idea reached its peak, surpassing Rs. 105 per share.
Vodafone Idea recorded significant losses of 7,990 crore for the quarter ending on December 31, 2022. The company has been facing financial difficulties over the past few years, impacting its stock price. Analysts have set a target price range of 10.00-10.80 for Vodafone Idea's stock in 2023.
Vodafone Idea, formed through the merger of Vodafone and Idea, faces significant challenges in establishing a solid foundation. The company has been grappling with intense competition from Jio and Airtel, struggling to sustain itself. Insufficient funds hinder its ability to launch 5G services, and survival largely relies on tariff hikes. As a result, investing in Vodafone Idea currently poses risks, necessitating careful analysis before making any investment decisions.
The Vodafone Idea stock dividend payout date has not been announced recently. The company last declared a dividend in the year 2016, and no recent dividend announcements have been made.
In late April, Vodafone Idea stock experienced a notable rally of approximately 10%. This surge followed the announcement on April 20, 2023, regarding the return of billionaire Kumar Mangalam Birla as an additional director to the board of Vodafone Idea.