Global brokerage firm Citi is optimistic about the performance of Vodafone Idea shares, as reported by Money Control.
The firm has recommended buying this stock, which closed at Rs 16.79 on Tuesday, marking a 0.66 percent gain on the BSE.
Impact of Supreme Court Decision on AGR Dues
The Supreme Court’s Chief Justice bench has agreed to hear Vodafone Idea’s appeal regarding its AGR dues.
This development is expected to influence the company’s shares significantly. Citi believes a favorable decision could potentially reduce the AGR dues by Rs 30,000 crore to Rs 35,000 crore.
New Target Price and Growth Potential
Citi has assigned Vodafone Idea a ‘buy’ rating, projecting that the company’s shares could reach Rs 23 in the near future. This suggests a potential gain of 37 percent from the current level.
Recent Stock Performance
On Tuesday, Vodafone Idea’s shares opened at Rs 17.56 on the BSE and reached an intra-day high of Rs 17.66.
The company’s 52-week high on the BSE stands at Rs 19.15, with a low of Rs 7.35.
Intraday Performance and Market Position
During trading on Tuesday, Vodafone Idea’s shares opened at Rs 17.56 and peaked at Rs 17.66 on the BSE. The company’s 52-week high on the BSE stands at Rs 19.15, with a low of Rs 7.35.
Year-on-Year Performance Comparison
Over the past year, Vodafone Idea’s share prices have surged by 125 percent, doubling investors’ money. In contrast, during the same period, the Nifty 50 index increased by 25 percent.
Market Performance Comparison
Over the past year, Vodafone Idea’s share prices have surged by 125 percent, doubling investors’ capital.
In contrast, the Nifty 50 index increased by 25 percent during the same period.
