Question: Is Vodafone Idea A Good Buy?

How much debt does Vodafone idea have?

According to industry experts, the telecom company that was born after the merger between Idea and Vodafone India has a short term debt of nearly Rs 26,000 crore and a gross debt of more than Rs 1.15 lakh crore..

Has Vodafone merged idea?

On 31 August 2018, Vodafone India merged with Idea Cellular, to form a new entity named Vodafone Idea Limited. … Kumar Mangalam Birla heads the merged company as the Chairman.

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Will govt help Vodafone idea?

Vodafone Idea faces over Rs 53,000 crore in AGR-related statutory dues, and its chairman Kumar Mangalam Birla has said the company will shut down without government or judicial relief.

Which share is best to buy tomorrow?

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Which is the cheapest share to buy?

10 Best Stocks to Buy at Below Rs. 20South Indian Bank Ltd. This is a major private sector bank headquartered at Thrissur, Kerala. … Sanwaria Consumer Ltd. … Vodafone Idea Ltd. … GMR Infrastructure Ltd. … Bank of Maharashtra. … GVK Power & Infrastructure Ltd. … Zee Media Corporation Ltd.

Will Idea Vodafone survive?

Survival has been a talking point of the markets today. Vodafone-Idea stock nosedived 19%. It has now rebounded down by about 10%. With the Rs 50,000- crore AGR payout, you are confident that Voda-Idea will survive and make good on its payments? It will survive.

What is the future of Vodafone Idea share?

share price forecast. The 5 reports from 3 analysts offering long term price targets for Vodafone Idea Ltd. have an average target of 6.00. The consensus estimate represents a downside of -39.70% from the last price of 9.95.

Is Vodafone going to be shut down?

It is unlikely that Vodafone Idea will shut down, as in the worst case scenario, they can move NCLT for a resolution.”

What went wrong with Vodafone idea merger?

The merger took a year to complete and was expected to provide more firepower against the other two players. However, subscribers left Vodafone-Idea in hordes. The company lost 14 million subscribers in the June quarter, taking the losses in the past year to about 115 million users.

Why is Vodafone idea in loss?

Vodafone Idea is losing subscribers to rivals as it trims coverage to cut costs and has so far failed to win better payment terms from the government on the money it owes. Net debt was 1.2 trillion rupees as of the quarter ended June. The company’s net worth has turned negative, it said in the statement.

Is it good to invest in Vodafone idea?

The stock has gained 65% year-to-date, ranking in the fourth position in top BSE 200 scrips, after Adani Green, Aurobindo Pharma, Divi’s Labs and Tata Consumer. … The telecom stock has been referred as among the top stocks to give potential returns to investors by many analysts, especially in the short term.

Which share is best to buy now?

Our Advisor’s ChoiceStock NameQtyValueHDFC Bank10011000LIC INDIA10011000INFY10011000Total33000

Is it good to buy Yes Bank shares now?

Yes definitely one should start buying yes bank shares. As per the new revival plan of yes bank many of the most reputed banks has invested in it and taking up the stock prices to 80 biggest gain since last 6 months. Respectively, in Yes Bank.

Will Amazon invest in Vodafone idea?

India’s Vodafone Idea says board has no proposal from Amazon, Verizon. BENGALURU (Reuters) – Vodafone Idea said on Thursday its board had no investment proposal to consider from U.S. wireless carrier Verizon Communications Inc or Inc. … Amazon and Verizon did not respond to Reuters requests for comment.

Who is investing in Vodafone idea?

MUMBAI/NEW DELHI: A consortium led by US-based Oaktree Capital, including a few other private equity firms such as Varde Partners, has proposed investing up to $2.5 billion into cash-strapped Vodafone Idea Ltd through hybrid debt papers, sources aware of the matter said.

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