📶 Vodafone Idea – Breaking the Silence, Finally! CMP: ₹10.94 | Change: +4.5% | Sector: Telecom

Technical View:

broke out above ₹10.5 resistance with a sharp rise in volume (~1.2B shares), confirming a bullish breakout. The stock trades above its short-term EMA (₹10.0) with strong upward momentum. RSI indicates sustained strength. Immediate support stands at ₹10.0; resistance near ₹11.8–₹12.5. Fundamental View: The rally follows expectations of tariff hikes and improved subscriber retention as the company expands 4G capacity. The government’s recent equity conversion and funding approvals have strengthened financial visibility. ARPU growth remains steady (+9% YoY), and management aims to begin 5G rollout in FY26. Debt still poses a risk but investor sentiment is turning constructive. Analyst Rating: Brokerages maintain Neutral to Positive, awaiting tariff actions for further re-rating. Target: ₹12.5 (≈14% upside) | Stop-loss: ₹9.9.