$IDEA Hits Fresh High Amid Turnaround Optimism Despite Brokerage Concerns

Vodafone Idea shares have rallied over 100% in the past year, touching a fresh 52-week high despite mixed views from global brokerages. The company reported a Q4FY26 net profit of ₹51,970 crore, mainly driven by a one-time AGR-related accounting gain, while revenue rose 3% YoY to ₹11,332 crore and ARPU improved to ₹190. Brokerages like Macquarie Group remain cautious, citing concerns over funding requirements, market share recovery, and long-term operational challenges. However, continued government support, promoter backing, and improving telecom metrics have kept investor sentiment optimistic toward Vodafone Idea’s turnaround prospects.