First Time Ever! Vodafone Idea Shares Rally To 52-Week High, Cross Historic FPO Price; Buy, Hold Or Sell?

Vodafone Share Price Today: Shares of Vodafone Idea continued their bullish run for the third consecutive session to reach a 52-week high mark on Friday, November 14. The rally in the telecom giant shares has come amid renewed investor confidence post the Supreme Court directions on AGR dues and VI's Q2 results.

Vodafone Idea shares were trading 4.2% higher at Rs 10.92 per share on BSE with a market capitalisation of Rs 1,18,310.59 crore at 11:50 am. The stock had surged around 5% to touch its 52-week high mark of Rs 10.92 per share on BSE today.

Vodafone Idea Shares Surge 13% In 5 Days: What's Driving The Rally?

Vodafone Idea shares have surged around 13% in the past five trading sessions. The stock has given over 13.74% returns in one week. The recent surge in Vodafone Idea share price has come days after the Supreme Court directed the central government to revisit the pending Adjusted Gross Revenue (AGR) dues of VI. The SC later clarified that any potential relief to Vodafone Idea will be related to its overall AGR dues and not just additional demand.

Vodafone Idea's September quarter result for the financial year 2025-26 is another reason that boosted its prospects for investors. VI reported reduction in its net loss which brought it lowest in nearly four years.

Vodafone Idea Crosses Its FPO Price

The Friday's jump in Vodafone Idea share price took it above the company's follow on public offer (FPO) price. The telecom major had raised around Rs 18,000 crore in April last year through an FPO, which is labelled as the biggest in India so far. Vodafone Idea had fixed the FPO price at Rs 11 per share.

Vodafone Idea Share Price Today: Should You Buy, Sell Or Hold?

Despite renewed optimism around VI shares, experts have divergent views on Vodafone Idea share price outlook and target price.

Vodafone Idea reported an in-line September quarter result, but its current EBITDA is insufficient to service the remaining debt, considering its remaining debt. As there is no clarify on further capital infusion and relief from the spectrum debt, the company's outlook is not very optimistic. Considering the aspects, Emkay Global has maintained a sell rating for the stock with a target price of Rs 6 per share.

"While this will reduce leverage to an extent, VI's current EBITDA is insufficient to service the remaining debt (Rs1.96trn as of Mar-25), keeping in mind the requisite capex roadmap. This mandates further capital infusion and/or relief from the spectrum debt. In the absence of any clarity on the same and expensive valuations (14.8x FY27E EV/EBITDA), we maintain SELL with a TP of Rs6," stated Emkay in its report this week.

Motilal Oswal has maintained a neutral stance on VI share price. Whereas, Nuvama has given a 'Hold' rating for the stock with a target price of Rs 10.

"Delay in debt funding continues to cloud visibility on VIL's revival while the Supreme Court's order to allow GoI to reconcile AGR dues up to FY16-17 came in as a big positive. We are tweaking FY26E/27E EBITDA by -2.3%/-2.4%. We continue to value VIL at 11x EV/EBITDA and roll forward to Sep-27E; retain 'HOLD' with a TP of INR10.0 (earlier INR7.0)," stated Nuvama in its report on Nov 11.

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