The shares of Vodafone Idea jumped more than 2% to hit a fresh record high on Monday, extending its gaining streak for the fifth consecutive session, with the technical structure indicating further bullish movement ahead.
The shares of the telecom major rose to a new 52-week high of Rs 14.06 apiece in the morning trading hours of Monday. Notably, this is the first time the stock has crossed the Rs 14-mark since September 2024. The stock has gained around 9% in one week, and a whopping 47% in just a month.
Vodafone Idea shares have delivered around 107% returns in one year, 100% in three years and more than 63% in five years. The stock is up over 20% so far in 2026.
Last week, Vodafone Idea reported a net profit of Rs 51,970 crore for the January-March quarter of the financial year 2026, as against a net loss of Rs 7,166 crore in the year-ago period, primarily driven by a one-time accounting gain related to the reassessment of AGR dues and recognition of the present value of future AGR payments.
The firm’s revenue from operations meanwhile rose 3% year-on-year (YoY) to Rs 11,332 crore during the quarter which ended on March 31, 2026, from Rs 11,017 crore in the corresponding quarter of the previous financial year. EBITDA grew 4.9% YoY to Rs 4,889 crore, while Average revenue per user, or ARPU, rose to Rs 190 from Rs 175 in the year-ago quarter, marking an 8.3% increase.
In the beginning of May, the Department of Telecommunications (DoT) reduced the telco’s adjusted gross revenue (AGR) dues by 27% to Rs 64,046 crore as of December 31, resulting in bullish calls for the stock. Later, the stock jumped after the company named billionaire industrialist Kumar Mangalam Birla as its non-executive chairman, around five years after he resigned from the same role in the telecom giant amid financial stress.
Should you buy, sell or hold Vodafone Idea shares?
Vodafone Idea shares continue to trade well above its key short- and long-term moving averages, reflecting a strong bullish trend, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities. “The RSI stands at 84.75, while the ADX is at 65, indicating extremely elevated momentum levels where intermittent profit booking cannot be ruled out,” he said.
Since hitting a low of 8.13 on April 2, the stock has rallied nearly 71%, highlighting strong buying interest, Sha highlighted. “On the weekly chart, the stock has broken above its previous swing high of 10.25 and is sustaining above it, which further strengthens the bullish structure. Rising MACD histogram bars also reinforce the positive momentum. The 12–12.5 zone is expected to act as a crucial support, and the trend is likely to remain bullish as long as the stock sustains above this range,” he said.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
