Bounced back: Vodafone Idea gets a hike from 52-week low

A major uncertainty was observed in the share stock price of Vodafone Idea Limited (VIL) after the apex court ruling on adjusted gross revenue (AGR) dues. According to the Apex ruling, the stock fell to a 52-week low of INR 9.79. But despite of this, it is restored to INR 10.52 by obtaining an interest rate of 7.5%. The apex court terminated the telecom institute appeal regarding INR 703 billion in AGR at the stock price of 20%, which caught the eyes of many finances at certain reductions. A well-known global agency, NUVAMA, grab its great opportunity to restore in VLC share price as their weekly prediction.

The government brings stability in the VILfinance. NUVAMA proclaims the company will create INR 224 billion in EBITDA by FY26. VIL plans to turn some of the government requirements into equity. The company is ready to achieve stable improvements in its field. The aim price of INR 15 is set by NUVAMA for VIL which is 40% above the current price which is INR 10.52. It elevates the growth chances in the telecom sector. It helped by CAGR of 15% in EBITDA from FY24 to FY27. In conclusion, it's a valuable time for the VL Company and the investors to watch for their recovery and utilize it. They can face this time as an opportunity and in challenge to stabilise their condition.