News Topical, Digital Desk : Telecom company Vodafone Idea has been receiving positive news over the past few days, leading to a significant rally in its shares. Following the release of Vodafone Idea's second quarter results for FY26 on November 11th, the company's shares again surged by 8%. Meanwhile, a global brokerage firm has placed a significant target price on Vodafone Idea's shares.
Vodafone Idea shares closed at ₹10.24, up 7.79%, on November 11th. The stock opened at ₹9.76 in the morning and hit an intraday high of ₹10.33. Earlier on November 10th, the telecom company announced its second quarter results after market hours.
These brokerages are bullish on Vodafone Idea shares.
Brokerage houses have given mixed reactions after Vodafone Idea's second quarter results, but CITI has given the highest target price on the shares.
Citi has given Vodafone Idea stock a 'buy' rating with a target price of ₹14 per share, projecting a 47% upside potential. The global brokerage firm says the Supreme Court's clarification on AGR dues could pave the way for the telecom company to raise long-pending funds. Furthermore, UBS has given the stock a 'neutral' rating and raised its target price to ₹9.7 per share.
Vodafone Idea reported a consolidated net loss of ₹5,524.2 crore in the July-September quarter of the current fiscal year 2026. However, this is lower than the net loss of ₹7,175.9 crore reported in the same quarter of the previous fiscal year.
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