When Sensex down over 1000, Nifty ends below 22000 even most of the PSU fell 3% to 4% around but Vodafone Idea share didnt fall a single penny while closing the day trading. This shows Idea management’s keen focus on growth and the trust of every retail shareholder of Idea by not clicking the sell button in such a panic situation
Even recently Global brokerage Citi Research sets the target price of Rs 25 a share. Below are the key assumption:
- Higher tariff
- Addition of new subscribers
- Decline in AGR debt
- Improved net debt/EBITDA
There could be some more reasons to predict price at higher level as Multifold FPI inflow in Telecommunications over any other sectors and increased FPI stake in Vodafone Idea. (Image source ET)
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