Time period given by analyst is one year when Vodafone Idea Ltd. price can reach defined target.
Vodafone Idea Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 16522.85 Crore) operating in Telecommunications sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 9185.80 Crore, down -4.79 % from last quarter Total Income of Rs 9647.80 Crore and down -14.27 % from last year same quarter Total Income of Rs 10714.60 Crore. Company reported net profit after tax of Rs -7319.60 Crore in latest quarter.
Investment Rationale
VIL’s share price has declined over 80% in the past three years (post-merger). The brokerage maintains SELL recommendation on the company as there remains uncertainty on survival due to lack of funding clarity/relief/major tariff hike.
Promoter/FII Holdings
Promoters held 72.1 per cent stake in the company as of March 31, 2021, while FIIs held 4.6 per cent, DIIs 1.1 per cent and public and other 22.2 per cent.
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