Is Vodafone Idea share worth buying?

Is it safe to invest in Vodafone Idea?

The net worth of Vodafone Idea is negative Rs 38,228 crore, as of March 31, 2021. “A powerful duopoly in telecom is not desirable. … So only those who can take very high risks should buy Vodafone Idea now.

Will Idea Vodafone survive?

Vodafone Idea is confident it can reach a fundraising deal with potential investors, bolstered by a federal government package that provides much-needed relief to the debt-ridden mobile carrier, its chief executive officer said on Wednesday.

Is Vodafone Idea share multibagger?

In fact, it is one of the multibagger stocks in 2021 as it has given around 113 per cent return in last six months while in the last one year, it has surged to the tune of near 300 per cent. … Vodafone Idea share price has shot up from 8.39 per stock levels to ₹11.10 apiece — rising around 32 per cent in this week.

Is Vodafone stock a good buy?

There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” Vodafone Group stock.

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Why is Vodafone Idea stocks going down?

Vodafone Idea will come to an “irretrievable point of collapse” without immediate active support from the government as the telecom firm has huge debts and its operations have taken a hit due to the pandemic, said Kumar Mangalam Birla in the letter.

What is the future of IDEA share?

As on 7th Oct 2021 IDEA Share Price closed @ 11.35 and we RECOMMEND Buy for LONG-TERM with Stoploss of 9.58 & Strong Buy for SHORT-TERM with Stoploss of 8.35 we also expect STOCK to react on Following IMPORTANT LEVELS.

IDEA Share Price.

IDEA CURRENT MONTH FUTURE
Close 11.45
Change In O.I 0.42 %
Lot Size

Can Vodafone idea survive 2021?

Vodafone Idea plans to invest Rs 27,000 crore in FY20

The debt-ridden company has advanced its target date to complete integration of Vodafone and Idea Cellular business to financial year 2021 from fiscal 2023.

Is Vodafone going to be shut down?

Indian telco Vodafone Idea (Vi) is reportedly close to “point of collapse” and needs help from the Government, one of its investors said this week. … Last year the Supreme Court of India gave Vi and Airtel 10 years to pay, with the first installments of 10 percent due in March 2021.

What will be the future of Vodafone idea?

Cash-strapped telecom operator Vodafone Idea Limited’s (VIL) future hangs in the balance as it inches closer to bankruptcy. … It will also reduce the Indian telecom market to an effective duopoly, leaving behind only two major private players in the market – Sunil Mittal’s Bharti Airtel and Mukesh Ambani’s Reliance Jio.

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Who is going to invest in Vodafone idea?

HDFC AMC and Aditya Birla MF, who are among top five fund managers in the country by assets, have bought Vodafone Idea’s shares. A couple of more prominent fund managers have also added the stock to their portfolios. HDFC AMC bought 1.41 crore shares of the beleaguered telecom company in June.