Vodafone Idea Share Price | Penny stock will become a rocket again, expert gives BUY rating, note the target price – NSE: IDEA

Vodafone Idea Share Price | IIFL Securities has provided a positive outlook for Vodafone Idea Limited Company (NSE: IDEA). The brokerage firm has reported on key metrics including support price, resistance level, daily moving average, stop loss, and target price for the stock.

Vodafone Idea Share Current Status

As of Thursday, October 7, Vodafone Idea shares were trading at Rs 8.05, reflecting a decline of 1.47%. The stock recorded a high of Rs 8.29 and a low of Rs 8.02. Currently, Vodafone Idea Limited boasts a market cap of Rs 56,040 crore. On Friday (08 November 2024), the stock was trading at Rs 7.94, down by 1.37%.

Vodafone Idea Share Price Metrics

• • Support Level: Rs 8

• • Resistance Level: Rs 8

• • 50-Day DMA: Rs 12

• • 200-Day DMA: Rs 14

Vodafone Idea Share – BUY Rating

IIFL Securities has issued a BUY rating for Vodafone Idea shares, predicting a potential rise to Rs 12-14 in the next 50 to 200 days.

Multibagger Return

However, the stock has seen a significant decline of 35.08% over the past six months and 41.88% over the last year, despite a 114.67% return over the last five years. Year-to-date, the stock is down 52.65%.

Disclaimer

Investing in mutual funds and the stock market involves risk. Always consult a financial advisor before making investment decisions.

News in Hindi | Vodafone Idea Share Price 08 November 2024 Hindi News.