The earlier tariff hike was slated for September 2023.ĭue to this, many analysts believe that debt-ridden Vodafone Idea could face severe consequences if the tariff hikes are not implemented, leading to a possible shutdown of shops shortly. #1 Shop shutdown risk amid tariff hike delayįinancial analysts estimate that the Indian telecom sector may delay the tariff hike until the General Elections in 2024. Let's find out why this underperforming stock is dealt with another setback again. Recently, the company's shares took another hit, with its share price falling below the Rs 6 mark on 28 March 2023, marking a new 52-week low. Further, the longstanding legal issues have added to its woes, resulting in an over 85% decline in share prices over the past five years. Vodafone Idea has faced the challenges of operating in a high-cost industry with narrow profit margins. However, the price plummeted to below Rs 10 within a year, and at one point, the stock was trading at Rs 3.4 per share, almost qualifying it as a penny stock based on its price levels. Anyone who had a position in Vodafone Idea shares would have experienced this firsthand.Īfter the merger in mid-2018, Vodafone Idea's stock price was trading in the range of Rs 50 to Rs 70. Long-term investing can be a profitable strategy, but it may not be suitable for every stock.
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