look news india
Vodafone Idea shares have once again gained momentum. This time the company's rating has increased due to the rise. The world's largest brokerage firm UBS has advised to buy this stock. Also, the rating has also increased from neutral to buy. This clearly means that buying is recommended. After this, the stock has gained momentum. The stock has crossed Rs 15.
Vodafone Idea's new target – Rs 18 per share, UBS says that the stock has reached the level of Rs 18 in the next 12 months. This clearly means that this stock can see a growth of 30 percent from the current level. UBS says that the company will have to pay the government. Despite all this, the stock is expected to rise from the market level.
What does UBS think the stocks will do?
A report by brokerage house UBS says that telecom tariffs may increase by 15 per cent to 20 per cent in the next 12-24 months after the company's follow-on public offer (FPO) is closed. So this will benefit the company. UBS believes that tariffs may increase by 10 per cent in the first quarter of FY 2025-26.
According to UBS, Vodafone Idea may get some relief from the Supreme Court on AGR reduction or from the government on dues. If something like this happens, it will be a big relief for Vodafone Idea. At the same time, in terms of share valuation, it is also very cheap at the current level.
The stock is likely to be included in the MSCI index during its next review in August by Nuvama Alternative & Quantitative Research. Vodafone Idea is in focus at the moment. The brokerage expects it to be included in the MSCI Global Standard Index and if that happens, it may buy $212 million.
