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Business Desk – Vodafone Idea Share: Till a year ago, the biggest question regarding Vodafone Idea Share was whether the company would survive or not. In September 2025, the company's shares had slipped to a 52-week low of Rs 6.46. After this there was a big change in the story of the company.

The government reduced the AGR liability to about Rs 64,046 crore. Besides, the tenure of its payment was also increased. According to many media reports, at present the government's stake in Vodafone Idea is about 49%. At the same time, investor confidence has also increased with the return of Kumar Mangalam Birla.

Share gave 122% return in one year

Vodafone Idea shares are now seeing a rise. On September 3, 2026, the company's shares closed at Rs 14.52 with a rise of 3.42%. According to BSE Analytics, Vodafone Idea Share has given returns of about 122% in the last one year.

The share also touched a 52-week high of Rs 15.37 on August 26, 2026. In such a situation, now the biggest question among investors is that after reaching close to 52-week high, will Vodafone Idea Share continue to rise further?

Improvement in financial performance also

Some improvement has also been seen in the financial performance of the company. The company's net loss declined to Rs 3,754 crore in the first quarter of the current financial year. The company's net loss in the March quarter of last year was Rs 6,608 crore.

The company's revenue and EBITDA have also improved. Revenue has increased by 6% and EBITDA has increased by 9.1%. At the same time, ARPU i.e. average earning per customer has increased by 10.2%. The company's customer base has also increased from 19.28 crore to 19.31 crore. The share of 4G and 5G in total subscribers is about 67.4%.

Preparation to spend Rs 45,000 crore on network

Vodafone Idea is planning to do a Capex of around Rs 45,000 crore in the next three years. The company will use this amount on tower, fiber and network expansion. The company aims to achieve double digit revenue growth and triple cash EBITDA.

The company has also given a network order worth about Rs 9,000 crore. In such a situation, network expansion is going to be very important for Vodafone Idea in the coming time. The company's focus is on adding customers through a better network and retaining existing customers.

Big update regarding funding too

Vodafone Idea has informed about raising about Rs 6,400 crore in its funding tranche. This includes Promoter Warrants and Lending Services. Apart from this, talks are going on regarding bank loan of about Rs 25,000 crore and non-funded line of Rs 10,000 crore.

Last month, many media reports came out regarding funding. According to these reports, SBI was about to approve its share of the loan. However, a strong Promoter Guarantee was demanded by some private banks.

Shah Rukh Khan becomes the new brand ambassador

Vodafone Idea informed about its new brand look and 3D sphere logo in the stock exchange filing on 1 September 2026. The face of the company's new campaign is Bollywood actor Shah Rukh Khan. The company has said that it is moving towards a new era of Network, Service and Customer Experience. The change in brand is being seen as the new strategy of the company.

What target did the brokerage houses give?

After the rise in Vodafone Idea Share, reports from many brokerage houses have come out. Ambit Institutional Equities and Citi have given BUY rating to Vodafone Idea Share. Ambit Institutional Equities has given the target price of the share at Rs 18.70. At the same time, Citi has given a target price of Rs 17.

On the other hand, Nomura has given Neutral rating to the stock and target price of Rs 12.60 to Rs 13.50. Apart from this, UBS has given a target price of Rs 15, JM Financial has given Rs 14.70, CLSA has given Rs 13 and Axis Capital has given a target price of Rs 12.25.

That is, the opinion of brokerage houses regarding Vodafone Idea Share is not the same. Some brokerages are seeing further upside potential, while some are advising caution at the current levels.

What will happen next now?

Vodafone Idea Share has made a significant recovery from 52-week low. Investor sentiment has been strengthened by factors like relief in AGR liability, increasing steps towards funding, plans for big investment on the network, improvement in financial performance and brand refresh.

However, further stock movement will depend on many things. How fast the company completes the network expansion, how much the customer base and ARPU improve and how successful is the proposed funding – all these factors will be kept an eye on by the investors.

Currently, 52-week high of Rs 15.37 is an important level for the share. At the same time, looking at the target prices given by brokerage houses, both Bullish and Cautious opinions are being seen regarding Vodafone Idea Share.