00:00Vodafone Idea has been in trouble these days, and especially since the Supreme Court's
00:06decision has come, the company has also had a big shock, due to which on Thursday the
00:11company's shares fell by 20%.
00:13But the foreign brokerage firm is bullish about the shares of Vodafone Idea, and the
00:18brokerage firm has also increased the rating of the shares of Vodafone Idea.
00:23What has happened?
00:24Let's find out in this video.
00:26In particular, this rating has been increased at a time when a day earlier, Vodafone was
00:30shocked by the Supreme Court in the matter of remaining AGR, after which the company's
00:35shares fell.
00:37Nomura has increased the rating of Vodafone Idea from neutral to buy, although it has
00:42still kept the target price of the share at Rs 15.
00:46Before this, the Supreme Court had removed the curative request from Vodafone Idea and
00:50Bharti Airtel on Thursday.
00:53These companies said that the government has made many mistakes in the process of adding
00:58Adjustment Gross Revenue, i.e. AGR, to the remaining.
01:01In this case, it should be recalculated, although the court rejected this argument.
01:06Vodafone Idea currently has a remaining AGR of Rs 70,300 crore.
01:11However, the brokerage firm believes that the worst time for Vodafone Idea has now passed.
01:16The situation regarding AGR has become clear and the recent fall in shares has now given
01:21Nomura a good opportunity to buy it.
01:24Nomura says that with the help of the government, Vodafone Idea's funding can be reduced if
01:28needed.
01:29The company had collected Rs 18,000 crore from FPO in April this year.
01:34However, the brokerage firm has kept its expectations high on Vodafone Idea, which
01:39includes a 12% increase in per-user average revenue, i.e. ARPU, and a reduction in the
01:45number of customers during the financial year 2025 and 2026.
01:50Nomura also hopes that Vodafone Idea's operating profit EBITDA can increase by 15% during
01:56the financial year 2024-2027.
01:59In addition to Nomura, the brokerage firm UBS has also maintained its buy rating on
02:04Vodafone Idea's shares and has targeted it at Rs 19 per share.
02:08UBS says that the Supreme Court's decision has reduced the possibility of AGR remaining
02:13or being forgiven by the government.
02:17However, there is still a possibility of extra time being given to repay the loan in equity
02:22as has been done before.
02:24Meanwhile, Vodafone Idea's shares closed at Rs 10.52 with a rate of 1.35% on 20 September.
02:33So, in total, Vodafone Idea has got a shock from the Supreme Court in the matter of AGR
02:38remaining, but even after that, the brokerage firm is bullish on this share.
02:43You all will be advised that if you also want to invest in Vodafone Idea's shares,
02:48then you should do your own research once.
02:51After doing all the research, you should take any decision.
02:54How did you find this much information in the video?
02:56Do tell by commenting.
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