Vodafone Idea Shares Surge Over 6% After ₹51,970 Crore Q4 Profit, Analysts Raise Price Targets

Shares of Vodafone Idea jumped 6 per cent on Tuesday, hitting a fresh 52-week high and snapping a two-session losing streak, even as several brokerages continued to remain cautious after the stock’s sharp rally over the past year. The telecom major’s stock climbed to an intraday high of ₹13.67, with more than 81 crore shares changing hands during the session. The rally comes after the company reported its first consolidated net profit in nearly six years, driven largely by relief in statutory liabilities.Among fresh targets, Nuvama suggested 'Hold' rating and a target price of Rs 13.50 per share. MOFSL, which is neutral on the stock, suggested a revised target of Rs 10 on VIL against Rs 9.50 earlier. Nomura said The warrant issuance to promoters may help VIL raise debt capital. Subscriber and ARPU trends will be key monitorables, it said.

Earlier, Citi had suggested a ‘Buy’ rating on the stock with a target price of Rs 14. UBS had a ‘Neutral’ rating with a target of Rs 12.40, while Macquarie suggested an ‘Underperform’ rating on Vodafone Idea with a target price of Rs 9. Separately, JM Financial raised its target price on VIL by 55 per cent to Rs 14 from Rs 9. Nuvama said VIL appears to be making steady progress with improvement in ARPU and subscriber additions on one hand and reassessment of AGR dues and the 10-year moratorium on the other. "However, investor attention remains focused on the delayed debt fund raise, which is critical to support capex, along with sustainability of subscriber net addition and ARPU growth. Maintain ‘HOLD’," it said.

For the March quarter of FY2025-26, Vodafone Idea posted a consolidated net profit of ₹51,970 crore, compared to a loss of ₹7,167 crore in the corresponding period last year. The company also announced plans to generate and secure more than ₹1.08 lakh crore in cash over the next three years. The stock has delivered a remarkable performance in recent months. According to BSE Analytics, Vodafone Idea shares have surged 98.22 per cent over the past one year, nearly doubling investors’ money during the period. In comparison, the BSE Telecommunication index gained 15.77 per cent, while the benchmark Sensex delivered a negative return of 7.82 per cent over the same timeframe. On a shorter-term basis, the stock has rallied 38.67 per cent in the past month despite broader market weakness, during which the Sensex declined 3.63 per cent. In the last one week alone, Vodafone Idea shares gained 12.20 per cent, outperforming both the Sensex’s 1.45 per cent rise and the BSE Telecommunication index’s 6.52 per cent advance. The latest rally reflects strong investor optimism following the company’s turnaround in quarterly earnings, although analysts continue to closely monitor its long-term fundraising and debt management plans.