If you are looking for “Vodafone Idea Ltd share price targets” for upcoming years you are in the right place. Before we dive into Vodafone Idea stock price targets, Let’s understand the Vodafone Idea company background, technical fundamentals etc.
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About Vodafone Idea Limited
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Vodafone Idea Ltd is one of the leading telecom companies in India, few years back Vodafone merged with Aditya Birla Group company called Idea, and rebranded itself as Vodafone Idea (Vi)
They provide 2G, 3G and 4G services.
Currently, this company is listed in NSE and BSE as Vodafone Idea in India.
Fundamentals of Vodafone Idea
Let’s look at the fundamentals of Vodafone Idea Ltd, based on which we can get a clear understanding of the expertise in the telecom sector.
Current Market Cap: The current market cap of Vodafone Idea Ltd as of July 10 2022, is ₹ 26,979.83 Cr.
P/E Ratio: The current price to earning ratio of Vodafone Idea Ltd is ₹0.
EV/EBITDA: 13.23
Sales Growth: Sales growth over the period of time for Vodafone Idea Ltd is -6.80%.
Profit Growth: Profit growth is around 36.70 % over the period of time
Vodafone Idea Ltd Price Target Details
We have done a complete analysis of Vodafone Idea Ltd and have come up with its share price targets for the upcoming years.
Note: These price targets of “Vodafone Idea Ltd ” is only for reference purpose only, this prediction is only if there are positive market sentiments, any uncertainties in the company or global market condition is not covered in this analysis.
After analyzing the chart deeply by taking the monthly time frame analysis on the trading view chart of Vodafone Idea Ltd, though there is a lot of competition in the market, Vodafone will be a strong fighter against JIO and Airtel, their upcoming 5G spectrum project, will shake the telecom sector, after JIO conquering the whole telecom sector, Vodafone’s share price fallen drastically, this fall never broken the company, it made a come back by emerging with IDEA and rebranded itself as VI (Vodafone Idea), but still, they couldn’t capture the market, since JIO did it all, and it was too late, they had to bare the losses, but now gradually Vodafone started taking up.
Though it is currently a penny stock with very weak fundamentals, the day comes soon when it will be near Airtel Share price, but we are predicting in 2023. the price will reach nearly ₹23
The target share price of Vodafone Idea Ltd for the year 2023 will be ₹23
Vodafone Idea Ltd share price target 2024
The target share price of Vodafone Idea Ltd for the year 2024 will be ₹40
Vodafone Idea Ltd share price target 2025
The target share price of Vodafone Idea Ltd for the year 2025 will be ₹52
Vodafone Idea Ltd share price target 2026
The target share price of Vodafone Idea Ltd for the year 2027 will be ₹68
Vodafone Idea Ltd share price target 2027 to 2030
The target share price of Vodafone Idea Ltd for the years 2027, 2028, 2029, and 2030 will be ₹90, ₹120, ₹160 and ₹220 respectively.
Vodafone Idea Ltd – Technical Analysis
The current stock price of Vodafone Idea Ltd as of September 22, 2023, is ₹11.3.
Based on the 52-week high and using Fibonacci retracement levels, the initial bullish target is ₹13.5.
Intermediate Target: ₹15
Considering the moving averages and trend analysis, the intermediate target could be ₹15.
Advanced Target: ₹17
If the stock breaks past the intermediate target with high volume, the advanced target could be ₹17.
Potential Bearish Targets
Initial Target: ₹10
Based on the support levels and trend reversal indicators, the initial bearish target is ₹10.
Intermediate Target: ₹8
If the stock breaks the initial target, the next level to watch is ₹8.
Advanced Target: ₹6
This is close to the 52-week low and could be the final bearish target.
Conclusion
Based on the data and technical indicators, Vodafone Idea Ltd shows potential for both bullish and bearish movements. The company has a market cap of ₹55,006 Cr and has shown a poor sales growth of 8.32% over the past five years. It’s essential to keep an eye on these metrics and market news for a more accurate prediction.
Given the numbers and the analysis, the future of Vodafone Idea Ltd seems uncertain. It could go either way, and thus, it’s crucial for investors to be cautious and keep updated with market trends.
Head of Stock Market Research @FYERS, Also a contributor in StockIPO, I have more than 10 years of experience in the stock market and investments. I have degrees in M.S., PGPM, and MDP. Also manages the financial portfolios of my clients. I talk about finance and help newbies in the stock market.
2 thoughts on “Vodafone Idea Ltd Share Price Target – 2023, 2024, 2025, 2026 and 2030”
What is present expectations on Vi share ? CMP 7:55 By one or two years what’s on Target
What is present expectations on Vi share ?
CMP 7:55
By one or two years what’s on Target
Thank you for giving Indication of ‘Vi’ shares. I was puzzled. But now I am going to add in my small portfolio for future.