Whalesbook
Vodafone Idea ke stock mein aaj toofani tezi dikhi hai, mainly company ke reports aur regulatory support ki wajah se. Company ne bataya hai ki unke Adjusted Gross Revenue (AGR) dues ₹64,046 Crore ho gaye hain, aur repayment FY36 se FY41 tak postpone ho gaya hai. Isse investors ka confidence kaafi badh gaya hai. Jabse company ne 6 saal mein pehli baar quarterly profit dikhaya hai, tab se logo ka dhyan bankruptcy se hatkar company ke survival par aa gaya hai.
Analysts Ka Alag View
Iss sab positive news ke bawajood, alag-alag brokerage firms ka Vodafone Idea ko lekar view thoda mix hai. Nomura, jo ek international brokerage hai, ne rating ko 'Buy' se 'Neutral' kar diya hai. Unka kehna hai ki abhi current stock price se zyada upside nahi hai. Haan, unhone price target Rs 10 se badha kar Rs 12.6 kar diya hai, matlab 2% ka slight downside ho sakta hai. Nomura ka analysis hai ki FY28 EV/EBITDA multiple ke hisaab se Vi, Airtel aur Jio se aage nikal sakta hai earnings growth mein. Fir bhi, Nomura abhi bhi telecom sector mein Bharti Airtel ko zyada pasand kar raha hai.
Company Chalegi Kaise?
Motilal Oswal Financial Services ne bhi apna target price Rs 9.50 se badha kar Rs 10 kar diya hai, lekin woh abhi bhi 22% tak ke downside risk ko lekar caution kar rahe hain. Brokerage ka kehna hai ki company ke ambitious targets, jaise FY29 tak revenue mein double-digit growth aur cash EBITDA ko triple karna, kuch critical cheezon par depend karte hain. Jaise ki debt financing milna, tariff rates consistent badhte rehna, subscriber base stable rehna, competition kam hona aur regulatory environment ka support milna, khaas kar spectrum payments ke liye. Motilal Oswal ne warn kiya hai ki ye sab factors company ke control mein nahi hain aur zyada strong competitors se competition badh sakta hai.
Nuvama Ka 'Hold' Rating
Nuvama Institutional Equities ne bhi apna target price Rs 10.5 se badha kar Rs 13.5 kar diya hai, lekin unka 'Hold' rating abhi bhi wahi hai. Halanki Vodafone Idea ka EBITDA margin badha hai aur net loss kam hua hai, Nuvama ka kehna hai ki stock ko strong investment banane ke liye abhi aur improvement chahiye. Company ke latest results mein subscriber numbers stable rahe aur ARPU (Average Revenue Per User) mein bhi thoda growth dikha hai.