2 weeks ago
Vodafone Idea Shares Surge Over 60% in Six Months
Vodafone Idea is a company whose share price has gone up a lot recently.
Its shares rose more than 60% in six months.
The price also gained about 75% during the 2026-27 financial year mentioned in the article.
Investors became more confident after the Government of India converted some of the company’s AGR dues into equity.
This made the government the company’s largest shareholder.
The company also received relief on some spectrum payments, which reduced pressure on its cash flow.
Its average revenue per user rose to ₹195, and its quarterly loss fell compared with the previous year.
Experts say the stock could rise toward ₹21 if it clearly moves above ₹17, but investors should watch the support levels and use stop-losses.
Vodafone Idea shares rose from ₹9.27 to ₹14.96 over the last six months, gaining more than 60%.
The stock has increased from ₹8.53 to ₹14.96 in FY2026-27, delivering about a 75% return.
Experts attributed the rally to government support, including converting AGR dues into equity.
A cap on earlier spectrum payouts reduced short-term cash-flow pressure, while Q1FY27 net loss declined year over year and ARPU reached ₹195.
Technical analyst Anuj Gupta identified resistance at ₹17, a potential target of ₹21, and support levels at ₹13.50 and ₹11.
- Who
- Vodafone Idea, the Government of India, shareholders, and stock-market experts.
- What
- Vodafone Idea shares have risen sharply, with experts assessing whether the rally can continue.
- Where
- On the National Stock Exchange, where the shares moved from ₹9.27 to ₹14.96.
- When
- During FY2026-27 and over the six months discussed in the article.
- Why
- The rise was linked to government support, AGR dues converted into equity, spectrum-payment relief, improved ARPU, and a lower year-over-year Q1FY27 net loss.
Key facts
- Six-month performance
- Shares rose from ₹9.27 to ₹14.96, gaining more than 60%.
- FY2026-27 performance
- Shares rose from ₹8.53 to ₹14.96, delivering about a 75% return.
- Key resistance
- ₹17 per share.
- Potential near-term target
- ₹21 per share if the stock decisively breaks above ₹17.
- Support levels
- Immediate support at ₹13.50 and strong support at ₹11.
- Average revenue per user
- ARPU improved to ₹195.
- Government ownership
- The Government of India became Vodafone Idea’s single largest shareholder after AGR dues were converted into equity.
Quotes
Avinash Gorakshkar
Founder of Avinash Mentor Research
“Those who have a low risk appetite are advised to wait for the breakout at ₹17 and buy only when the stock closes above ₹17. However, an investor with a high risk appetite is advised to add Vodafone Idea shares to the portfolio at the current market price, maintaining a strict stop loss at ₹13.50.”
livemint.com
“The market got an idea about the strong backing from the government when Vodafone Idea's AGR dues were adjusted by the GoI after conversion of the dues into equity. This formed the GoI as the single largest shareholder of the company.”
livemint.com
Sources
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