Vodafone Idea Shares Continue To Rise as Telecom Stock Delivers 43% in 1 Month

Shares of Vodafone Idea has managed to continue its golden run as the stock is holding positive momentum today, trading at Rs. 13.58 with a gain of 0.44%. This small upward move comes after a huge rally over the last few weeks.The stock has shown a good 12.6% return over the past five trading days and a 43% jump over the last month. Long-term investors have also seen their wealth double, with a 101% return over the previous 12 months.The stock has also witnessed strong momentum on Dalal Street in recent weeks, supported by optimism around higher ARPU, subscriber additions, and improving technical indicators.The telecom stock hit its 52-week high of ₹13.68 in the previous session (19 May, 2026). Meanwhile, it touched its 52-week low of ₹6.12 in August 2025.

Vodafone Idea Limited reported a consolidated net profit of ₹51,970 crore for the quarter ended March 31, 2026, compared with a net loss of ₹7,166 crore in the corresponding quarter last year. The sharp turnaround in profitability was largely driven by a one-time accounting gain arising from the reassessment of adjusted gross revenue (AGR) dues and the recognition of the present value of future AGR payments. The telecom operator also posted growth in its operating performance during the March quarter. Revenue from operations increased 3% YoY to ₹11,332 crore from ₹11,017 crore reported in the year-ago period. EBITDA for the quarter rose 4.9% YoY to ₹4,889 crore. Meanwhile, average revenue per user (ARPU) improved to ₹190 from ₹175 in the corresponding quarter of the previous financial year, registering an increase of 8.3%.

Santosh Meena, Head of Research at Swastika Investmart, said the stock has turned technically strong after crossing an important resistance zone. “Vodafone Idea Ltd is witnessing strong momentum after decisively surpassing the key resistance level of ₹12.75. The breakout indicates the potential for further upside towards the ₹15–16 zone, which now emerges as the next major resistance area,” Meena said.Nuvama retained its ‘Hold’ rating on the stock while increasing its target price to ₹13.5 per share. The brokerage said Vodafone Idea delivered a decent Q4 performance, supported by improving subscriber additions, ARPU, and churn trends. “KPIs like subscriber addition, ARPU, and churn rates are improving, but a lot more needs to fall into place for VIL to become an investible idea,” Nuvama said.The brokerage added that investor focus remains on the delayed debt fund raise, which is critical to support capex, along with the sustainability of subscriber additions and ARPU growth. It also highlighted the reassessment of AGR dues and the 10-year moratorium as positives for the company.