Vodafone Idea shares soared to a new 52-week high of Rs 14.06 apiece during Monday's morning trading session, marking the first time the stock has surpassed the Rs 14-mark since September 2024. The stock has surged approximately 9% over the past week and an impressive 47% in just one month.
Last week, Vodafone Idea reported a net profit of Rs 51,970 crore for the January-March quarter of the financial year 2026, a significant turnaround from a net loss of Rs 7,166 crore in the same period last year. This was primarily driven by a one-time accounting gain from the reassessment of AGR dues and the recognition of the present value of future AGR payments. Additionally, the company's revenue from operations increased by 3% year-on-year to Rs 11,332 crore, while EBITDA grew 4.9% to Rs 4,889 crore. The average revenue per user (ARPU) rose to Rs 190 from Rs 175, marking an 8.3% increase.
The Department of Telecommunications (DoT) recently reduced Vodafone Idea's adjusted gross revenue (AGR) dues by 27% to Rs 64,046 crore as of December 31, 2025, which has spurred bullish sentiment for the stock. The appointment of billionaire industrialist Kumar Mangalam Birla as the non-executive chairman further boosted investor confidence.
“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.”
Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities
Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, noted that Vodafone Idea shares are trading well above key short- and long-term moving averages, indicating a strong bullish trend. "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 Rs 8.13 on April 2, the stock has rallied nearly 71%, underscoring strong buying interest. "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," Shah added.
“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.”
Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities
Background
Vodafone Idea's remarkable stock performance comes amid a broader recovery in the telecom sector, which has been buoyed by regulatory reforms and strategic leadership changes. The company's financial turnaround and strategic positioning could pave the way for sustained growth in the coming quarters.
Investors will be closely watching Vodafone Idea's next moves, particularly in terms of strategic partnerships and further financial improvements, as the company continues to navigate the competitive telecom landscape.
