Why are Idea shares going up?

Why is Idea share going up?

Vodafone Idea share price surged more than 17 percent on September 2 after the Chairman of Aditya Birla Group (ABG) Kumar Mangalam Birla reportedly met with Telecom Minister Ashwini Vaishnaw. … Last month, Birla stepped down as a chairman of the cash-strapped telco. The company had a total debt was Rs 1.91 lakh crore.

What is target of IDEA share price?

with a target price of Rs 4. The current market price of Vodafone Idea Ltd. is Rs 11.56.

What will happen to Vodafone Idea shares?

The government eventually sold its stake after the bank was able to stand on its own legs. However, this will mean Vodafone Idea shares will be zero. … The net worth of Vodafone Idea is negative Rs 38,228 crore, as of March 31, 2021.

Will VI shut down?

Indian telco Vodafone Idea (Vi) is reportedly close to “point of collapse” and needs help from the Government, one of its investors said this week. … Last year the Supreme Court of India gave Vi and Airtel 10 years to pay, with the first installments of 10 percent due in March 2021.

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Will Vodafone idea survive?

Vodafone Idea is confident it can reach a fundraising deal with potential investors, bolstered by a federal government package that provides much-needed relief to the debt-ridden mobile carrier, its chief executive officer said on Wednesday.

Can I buy 10000 shares in intraday?

Remember, you cannot just trade intraday on any stock. … 10,000 (500×20) intraday. This trade does not result in any delivery as your net position at the end of the day is zero. You can also sell in the morning and buy back in the evening if you believe that the stock is likely to go down.

Which share is best to buy?

Stocks to Buy Today: Best Shares to Buy in India

Name LTP High
Bharti Airtel 712.50 723
Britannia Inds. 3,678.15 3,700
Cipla 909.25 919
Coal India 170.75 172

Can I buy 1 share?

There is no minimum investment required as you can even buy 1 share of a company. So if you buy a stock with a market price of Rs. 100/- and you just buy 1 share then you just need to invest Rs. 100.

Who will take over Vodafone idea?

On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. Vodafone currently holds a 45.1% stake in the combined entity and Aditya Birla Group holds a 26% stake.

Vodafone Idea.

Logo used since 7 September 2020
Type Public
Subsidiaries YOU Broadband Limited
Website www.myvi.in

What is the future of IDEA Vodafone?

Vodafone Idea plans to invest Rs 27,000 crore in FY20

The debt-ridden company has advanced its target date to complete integration of Vodafone and Idea Cellular business to financial year 2021 from fiscal 2023.

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Is Vodafone stock a good buy?

Is Vodafone Group a buy right now? 12 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Vodafone Group in the last twelve months. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should “buy” Vodafone Group stock.