Vodafone Idea Shares Fall on Profit Booking After Kumar Mangalam Birla Buys 4.09 Crore Shares

Shares of Vodafone Idea Ltd (NSE: IDEA) witnessed mild profit booking on Tuesday, February 10, slipping 0.43% to trade at ₹11.53, a day after the stock had surged nearly 4% following news of promoter Kumar Mangalam Birla acquiring an additional 45 lakh shares in the telecom firm. Birla on January 30 bought 2.21 crore shares on January 30 and 1.88 crore shares on February 1 in Vodafone Idea, CNBC-TV18 had reported. Previously, Birla owned a 0.02% stake in the company. The promoter and promoter groups collectively owned a 25.57% stake in the telecom firm, while the rest of the 74.43% stake was held by the public.

The stock had closed at ₹11.58 in the previous session, posting a sharp rally driven by renewed investor confidence after Birla’s stake increase. However, today’s slight dip suggests cautious sentiment and some near-term consolidation after the recent upmove. Despite today’s marginal decline, Vodafone Idea’s share price performance remains strong across multiple time frames. Over the past one month, the stock has gained around 3%, while in the last six months, it has surged an impressive 76%, reflecting improving market confidence and heightened trading interest. On a year-on-year basis, Vodafone Idea shares are up more than 27%. 

In terms of price levels, the stock touched its 52-week high of ₹12.80 on December 31, 2025, while its 52-week low of ₹6.12 was recorded on August 14, 2025, highlighting the sharp recovery seen in recent months.At current levels, Vodafone Idea commands a market capitalisation of approximately ₹1.25 lakh crore.Vodafone Idea’s consolidated net loss narrowed to ₹5,286 crore in the third quarter ended December 2025 as compared to ₹6,609 crore in the same period last year. The improvement is mainly on account of service upgrades by customers.CARE Ratings (CareEdge Ratings) has revised its outlook on 'long-term bank facilities' of Vi from "Stable" to "Positive" while re-affirming its rating at 'CARE BBB-'. The revision in ratings follows the announcement on adjusted gross revenue (AGR) relief by Department of Telecommunication (DoT), which strengthens VIL's long-term debt tie-up prospects in accelerating network capex investments, thus enabling improvement in its operating performance.Meanwhile, domestic brokerage Emkay Global Financial Services has upgraded Vi stock to 'Add' from 'Sell' and has doubled its share price target to ₹12 from ₹6 as it believes  the government's decision to provide a major moratorium for Vi's AGR liabilities, with minimal annual payments until FY35, will provide significant cash flow relief and a turnaround opportunity. Government of India's decision, the rating agency said, to defer payment of AGR dues by an additional 10 years, without interest accrual on the frozen amount of ₹87,695 crore, has eased near-term liquidity pressure.