Vodafone Idea shares have delivered over 20% returns to investors in the last six months, according to reports from Live Mint. The telecom stock has surged from around ₹9.55 to ₹11.60 per share on the NSE, demonstrating remarkable resilience despite recent volatility. However, the stock has experienced some pressure in the short term, slipping by around 20% over the past month as reported by Live Mint. The company is currently trading at ₹11.60 per share on the NSE, showing signs of recovery ahead of key financial announcements.
Ambit Capital has maintained BUY ratings on Vodafone Idea with a target price of ₹18.7, representing a potential upside of 62% from current levels. The brokerage expects telecom stocks to benefit from tariff hikes, rising data consumption and digital infrastructure growth opportunities. According to Ambit Capital's latest research, the sector's growth outlook is strengthened by expectations of 15% mobile tariff hike in December 2026, followed by 12% increases every two years over the next decade. The brokerage believes improving pricing discipline and operating leverage could support earnings growth across the telecom sector.
The recent surge in Vodafone Idea shares comes after big relief from the Government of India (GoI) on the AGR payment, as reported by Live Mint. Market participants are now eagerly awaiting the Vodafone Idea Q2 Results 2026, with expectations that the company will announce expansion plans following this regulatory relief. According to Mahesh M Ojha, VP — Research and Business Development at KC Securities, the market is expecting improvement in ARPU and revenue growth, both YoY and QoQ in the upcoming results. Ambit Capital expects the need for Vodafone Idea to improve its financial position, with potential for ARPU increases of ₹4.4 following Airtel's decision to remove its entry-level 1.5GB-per-day plan in August 2026.
Brokerage previews suggest mixed expectations for Vodafone Idea's subscriber performance. UBS has projected that the total subscriber base will remain relatively steady at around 19.5 crore, while ICICI Securities estimates sequential subscriber additions of roughly 10 lakh overall for Q2 FY27, including about 1 lakh net additions in 4G subscribers, as reported by Live Mint. The market is particularly keen to see developments in the ₹45,000-crore capex program, with positive news on this front expected to boost investor sentiment. Ambit Capital projects that Vodafone Idea will begin curbing subscriber losses from FY28, supported by network investments, customer retention and tariff repair initiatives.
Technical analysts are expressing optimism about Vodafone Idea's near-term prospects. Sumeet Bagadia from Choice Broking expects a strong rebound ahead of Q2 Results 2026, with the technical chart pattern hinting at a possible recovery. According to Bagadia's analysis reported by Live Mint, existing shareholders are advised to hold Vodafone Idea shares, maintaining a strict stop-loss at ₹10 for upside targets of ₹14 and ₹16. Fresh investors can consider buying in the ₹11.50 to ₹11.00 per share range with the same stop-loss strategy. Ambit Capital's target price of ₹18.7 represents a 62% upside potential, supported by the brokerage's positive outlook on tariff implementation and sector growth prospects.
