2024: Analysts predict a range for Vodafone Idea's share price from a minimum of to a maximum of 20, with an average target of 18

 Vodafone Idea Ltd., one of India’s leading telecommunications service providers, emerged from the merger of Vodafone India and Idea Cellular in August 2018. Operating under the brand name Vi, the company boasts over 270 million subscribers as of June 20231.

Let’s delve into the analysis for Vodafone Idea and explore its future prospects based on various factors:

1. Financial Performance:

   • Revenue (ttm): In 2022, Vodafone Idea’s revenue stood at £45.71 billion, showing a slight increase compared to the previous year.
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   • Net Income (ttm): Earnings surged significantly by 429.19%, reaching £11.84 billion.
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   • Earnings per Share (EPS): The trailing twelve-month EPS is £4.87.
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   • Price-to-Earnings (PE) Ratio: The PE ratio currently stands at 2.23.
   • Forward PE: The forward PE ratio is 14.08.
   • Dividend: The company pays a dividend of $0.99 per share, translating to a yield of 10.65%.

2. Stock Price Targets:

   • 2024: Analysts predict a range for Vodafone Idea’s share price from a minimum of ₹15 to a maximum of ₹20, with an average target of ₹181.
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   • 2025: The share price targets for 2025 are expected to range from a minimum of ₹19 to a maximum of ₹25, with an average target of ₹221.
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   • 2026: The anticipated share price targets for 2026 fall between ₹23 (minimum) and ₹31 (maximum), with an average target of ₹271.
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3. Technical Analysis:

   • The stock currently holds robust support within the range of ₹12.55 to ₹13.30, aligning closely with its 20-Day and 50-Day Exponential Moving Average (EMA) levels. Notably, it is trading above significant moving averages, reinforcing its positive positioning2.
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4. Final Thoughts:

   • Short-term investors should exercise caution, while those with a mid-to-long-term perspective might find it worthwhile to consider Vodafone Idea3.
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Remember that stock prices can be volatile, and it’s essential to stay informed and consult with a financial advisor before making any investment decisions. 📈📊

The Vodafone Idea Ltd. stock price is currently ₹13.15 per share¹. 

Here are some additional details:

• Market Cap: ₹63,770.56 crore
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• 52-Week High: ₹18.40
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• 52-Week Low: ₹5.70
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• Volume: 179,243,860 shares traded
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• Previous Close: ₹13.10
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• Last Traded Date and Time: March 15, 05:15 PM IST
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• Dividend Yield: Not applicable

Vodafone Idea has faced significant challenges in recent times, and its stock price has fluctuated. Investors should exercise caution while making investment decisions. Remember that stock prices can be volatile, and it’s essential to stay informed about the company’s financial health and market trends.

For real-time updates, you can check the NSE India website or refer to financial news sources². 📈📉