Vodafone Idea Share Price Jumps 4% as Kumar Mangalam Birla Buys 4.09 Crore Shares in Telecom Firm

Vodafone Idea share price jumped nearly 4% in early trade on Monday  after promoter Kumar Mangalam Birla brought additional shares in the company over the last week.Birla acquired a total of 4.09 crore Vodafone Idea shares, representing 0.03% of the company’s outstanding equity, between January 30 and February 1 via open market. The latest shareholding pattern showed KM Birla held 1.94 crore equity shares, or a 0.02% stake, in Vodafone Idea as of December 2025. The company’s promoters collectively held 25.5% in the telecom company. The stock is currently trading at Rs.11.58 against the previous close of Rs.11.12

Meanwhile, Brokerage house Emkay Global Financial Services has upgraded its rating on Vodafone Idea shares to ‘Add’ from ‘Sell’, and has doubled its target price for the telco, considering the improved outlook for the company. Emkay has raised Vodafone Idea share price target to ₹12 per share from ₹6 earlier.The ratings upgrade comes after the government approved a major moratorium for Vodafone Idea’s AGR liabilities, with minimal annual payments until FY35.

“We believe this will provide significant cash flow relief and a turnaround opportunity. The relief reduces the net present value (NPV) of the burden by 60–80%, easing immediate survival pressure, along with the possibility of further reduction on reassessment of AGR dues. This will enable VI to access bank funding for 4G/5G expansion, helping the company arrest subscriber churn and market-share loss,” said Pranav Kshatriya, Senior Research Analyst at Emkay Global Financial Services Ltd. Vodafone Idea shares have seen sharp gains recently, rising 12.4 per cent in the past five sessions, 65 per cent over the last six months, and around 20 per cent over the past year, driven mainly by optimism around fundraising plans and regulatory relief.