Question: Will Vodafone Idea Recover?

Will Idea Share recover?

Now many people see a value in the stock and they expect it to bounce back after the merger of Idea and Vodafone in FY 2018.

However, that is an illusion.

Smart investors are dumping the stock, so there is no reason for novice investors for buying or holding this stock..

Is Vodafone closing in India?

Situation is so bad that Vodafone CEO Nick Read now believes that the “carrying value” of its business in India is zero. … The report hints that the company may shut down its India operations unless the Indian government gives some relaxation to the company on demands for mobile spectrum fees.

Which share is best to buy?

Emkay Global has a buy call on SRF, target price Rs 4,156. … Hold SRF, target price Rs 3,653: ICICI Securities. … Buy DLF, target price Rs 223: ICICI Securities. … Hold Vedanta, target price Rs 110: ICICI Securities. … Buy L&T, target price Rs 1,103: Emkay Global. … Hold Divi’s Laboratories, target price Rs 2,145: Emkay Global.More items…

Will Idea Vodafone share price go up?

Trending stocks: Vodafone Idea shares rise over 2% … The stock opened at Rs 11.0 and touched an intraday high and low of Rs 11.0 and Rs 10.15, respectively, in the session so far. The stock of Vodafone Idea Ltd. quoted a 52-week high of Rs 13.15 and a 52-week low of Rs 2.61.

Why is Vodafone idea in loss?

Vodafone Idea, the country’s third largest telecom operator, on Wednesday reported a staggering net loss of Rs 73,878 crore in the financial year ended March 31, on account of provisions for the Supreme Court mandated statutory dues. That marked the highest ever net loss reported by an Indian firm.

Who is Vodafone owned by?

Among mobile operator groups globally, Vodafone ranked 4th (behind China Mobile, Bharti Airtel and Vodafone Idea, of which the Group owns a 45% stake) in the number of mobile customers (313 million) as of 2018….Vodafone.TypePublic limited companyFounded16 September 1991FounderErnest Harrison Gerry Whent18 more rows

Who is the Vodafone owner?

Currently, the Vodafone Group holds a 45.1% stake in the combined entity, the Aditya Birla Group holds 26% and the remaining shares will be held by the public. Kumar Mangalam Birla heads the merged company as the Chairman and Balesh Sharma used to be the CEO.

Is it good to invest in Vodafone idea?

PEER COMPANIES Vodafone Idea advanced nearly 35 per cent intraday on Friday after the news reports. However, it pared gains to end nearly 13 per cent higher after the clarification on the media reports. “In the telecom space, investors should go with the stronger player which is Bharti Airtel.

Is it good time to buy Vodafone Idea shares?

The 35-79 per cent correction in Voda Idea stock over 3-12 months is pricing in a pessimistic scenario. With likely lower AGR dues, potential government relief, return of growth, and the telecom company’s focus on top markets, risks are overdone in the brokerage view.

Who will take over Vodafone idea?

However, the merged entity continues using both the Idea and Vodafone brand. Currently, the Vodafone Group holds a 45.1% stake in the combined entity, the Aditya Birla Group holds 26% and the remaining shares will be held by the public….Vodafone Idea.TypePublicTotal equity₹596,348 million (US$8.4 billion) (2019)18 more rows

Is Vodafone company is closing?

Is Vodafone or Idea closing down? No. Vodafone and Idea are joining forces to become Vodafone Idea Limited- India’s Largest Telecom Company! If you’re a Vodafone or an Idea customer, we remain committed to providing you with the best experience every day, and your services will continue as normal.

Will Vodafone shut down in India?

But its closure would likely have an adverse impact on the telecoms sector as a whole. If Vodafone Idea does decide to exit the Indian market, the industry will effectively be turned into a duopoly, with the only players being India’s Reliance Jio Infocomm and Bharti Airtel.

What is the future of IDEA Vodafone?

Vodafone Idea holds a 11.15% stake in Indus Towers and is looking to raise Rs 4,000-4,500 crore by selling its stake in the merged Indus Towers-Bharti Infratel entity. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Can Vodafone idea survive?

A new research report says Vodafone Idea has to increase tariff by 39% to survive – and that will be a bounty for Reliance Jio and Airtel. The double whammy of low revenue per user and the burden of retrospective payments from India’s Supreme Court has put the future of Vodafone Idea in jeopardy.