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News Topical, Digital Desk : Shares of telecom giant Vodafone Idea Ltd. experienced a sudden surge on January 30, 2026. The stock started weak at market opening, but within an hour, it saw significant buying. The stock surpassed ₹11 and gained nearly 10 percent. The company's Q3 results, a large capex plan, and confident management statements were key drivers behind this surge.
Vodafone Idea Ltd shares witnessed a strong rally on January 30, 2026. The stock opened at Rs 9.96 as against its previous closing price of Rs 10.05.
There was a slight slowdown in the initial minutes, but within an hour, the situation completely changed. Buying increased with strong volume, and the stock crossed the Rs 11 mark. During the day, the stock surged by nearly 10 percent. However, looking back a little, the picture is not entirely rosy. Vodafone Idea's stock has fallen by nearly 8 percent in the past month. From a one-year perspective, investors have received returns of approximately 22 percent. This means that the stock has certainly managed to stabilize itself over the long term, but there have been sharp fluctuations in between. Regarding shareholding patterns, there has been no significant change in the FII holdings in the December quarter compared to September. The share of foreign institutional investors (FIIs) remained stable at 6 percent. In contrast, the confidence of domestic institutional investors (DIIs) appears to be increasing. The DII holdings, which were 53.75 percent in the September quarter, have increased to 54.6 percent in the December quarter. This indicates that domestic investors are showing more confidence in the company's recovery story.
What is the reason behind the boom?
The biggest reason for increased focus on the stock in the past few hours was the Q3FY26 analyst call held on January 29, 2026.
In this call, the company's management announced a capex plan of approximately ₹45,000 crore for the next three years.
The company's focus will be on tower additions, network strengthening, and 5G rollout in urban areas. CEO Akshaya Moondra provided more clarity and definition regarding AGR relief, which boosted investor confidence.
Regarding Q3 results, the company's net loss narrowed to ₹5,286 crore, which is considered better on a year-on-year basis. Revenue for the quarter was ₹10,918 crore, registering a growth of 1.8 percent.
ARPU increased to ₹186, representing a growth of approximately 7.3 percent. The 14 percent increase in postpaid subscribers was also a positive sign.
However, brokerage houses' opinions were mixed.
JM Financial has given an 'Add' rating on the stock and has a target of Rs 11. They believe that the story is constructive, but the real game lies in execution.
CLSA has given an 'Outperform' rating with a target of Rs 11. However, they have said that subscriber loss is still high.
Motilal Oswal is slightly cautious. They have given a neutral rating with a target of Rs 10 and have said that free cash flow is a big challenge.
The market is believing that Vodafone Idea's revival story is now looking more credible. However, heavy debt, execution risk and uncertainties related to AGR are still prompting investors to remain cautious.
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