Vodafone Idea Trades Flat at ₹7.47 Amid Investor Caution
Vodafone Idea share price remained unchanged at ₹7.47 on April 28, reflecting muted investor activity.
Key Highlights:
Vodafone Idea Share Price Stays Flat at ₹7.47, No Change in Morning Trade
Vodafone Idea share price showed no movement in early trade on April 28, holding steady at ₹7.47 on the NSE. The stock opened at ₹7.50 and touched a low of ₹7.46 before stabilizing at the previous day’s close.
Stock Snapshot and Market Data
- Previous Close: ₹7.47
- Opening Price: ₹7.50
- Day’s Range: ₹7.46 – ₹7.57
- Market Cap: ₹80,930 crore
- 52-Week High/Low: ₹19.18 / ₹6.61
- P/E Ratio: Not applicable (negative earnings)
The unchanged price reflects a “wait-and-watch” approach from investors amid uncertainty around the company’s funding plans and operational turnaround.
Sector Outlook and Vi’s Struggles
Vodafone Idea remains under pressure due to its high debt burden and delayed 5G rollout. The market is closely tracking developments on the company’s proposed fundraising through equity and debt routes, expected to drive future growth and network expansion.
Recent announcements of tariff hikes by peers have added some speculative interest in the telecom space, but Vi’s operational metrics remain under scrutiny.
Broker Opinions
- CLSA maintains “Underperform”, citing weak financials and limited clarity on ARPU growth
- Kotak Institutional Equities suggests cautious accumulation only post capital infusion
- Motilal Oswal sees potential upside if promoter or government-led funding is confirmed
What This Means for You
Retail investors should remain cautious, as the flat trading indicates lack of momentum. Entry at current levels may suit only high-risk investors betting on long-term telecom sector revival.
What Lies Ahead
Vodafone Idea’s movement in the coming weeks will hinge on actual funding announcements, spectrum utilization updates, and government policy clarity. Until then, sideways action in the ₹7.20–₹7.80 range is expected.
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