•Vodafone Idea shares surged over 2% to hit a new 52-week high of ₹14.06 on Monday, extending a five-day winning streak.
•The company reported a net profit of ₹51,970 crore in Q4FY26, reversing a ₹7,166 crore loss YoY, driven by one-time AGR-related accounting gains.
•Revenue grew 3% YoY to ₹11,332 crore, EBITDA rose 4.9% to ₹4,889 crore, and ARPU increased 8.3% to ₹190.
•DoT reduced Vodafone Idea’s AGR dues by 27% to ₹64,046 crore, and Kumar Mangalam Birla was reappointed as non-executive chairman.
•Technical analysts see a strong bullish trend with RSI at 84.75 and ADX at 65, but warn of possible profit booking due to elevated momentum.
•The stock has gained nearly 71% since early April and remains above key moving averages, with ₹12–12.50 seen as a critical support zone.
•Year-to-date return in 2026 exceeds 20%, with one-year return at 107%, three-year at 100%, and five-year at over 63%.
Vodafone Idea’s stock surged more than 2% on Monday to reach a fresh 52-week high of ₹14.06, marking its fifth consecutive day of gains and extending a robust upward momentum. The share price had not crossed the ₹14 mark since September 2024, underscoring the significance of the breakout. Over the past week, the stock has gained nearly 9%, and over the past month, it has delivered a remarkable 47% return. On an annual basis, investors have seen a 107% return, while three-year and five-year returns stand at 100% and over 63%, respectively. Year-to-date in 2026, Vodafone Idea shares are up over 20%, reflecting strong investor confidence.
The sharp rally comes on the back of strong financial performance reported for the January–March quarter of financial year 2026. The company posted a net profit of ₹51,970 crore, a dramatic turnaround from a net loss of ₹7,166 crore in the same quarter of the previous year. This improvement was largely driven by a one-time accounting gain related to the reassessment of adjusted gross revenue (AGR) dues and the recognition of the present value of future AGR payments. Despite the non-recurring nature of these gains, they significantly boosted profitability metrics for the quarter.
Revenue from operations grew 3% year-on-year to ₹11,332 crore, compared to ₹11,017 crore in the corresponding quarter of the previous financial year. EBITDA increased by 4.9% YoY to ₹4,889 crore, signaling improved operational efficiency. Average revenue per user (ARPU) rose to ₹190 from ₹175 in the year-ago quarter, an 8.3% increase, reflecting better monetization of services. These results suggest a healthier financial trajectory for the telecom operator, which has long grappled with financial stress and high debt levels.
A key catalyst behind the stock’s upward momentum was a decision by the Department of Telecommunications (DoT) in early May to reduce Vodafone Idea’s AGR dues by 27%, lowering the outstanding amount to ₹64,046 crore as of December 31, 2025. This regulatory relief significantly eased the company’s balance sheet burden and fueled positive sentiment among investors and analysts. The move followed years of legal and financial battles over AGR dues, which had weighed heavily on Vodafone Idea’s operations and stock performance.
Adding to the bullish sentiment, Vodafone Idea announced the appointment of billionaire industrialist Kumar Mangalam Birla as its non-executive chairman in late April. Birla, who had previously resigned from the same role around five years ago amid financial stress at the company, returned to the board, signaling renewed confidence and strategic oversight from leadership. His appointment was seen as a vote of confidence in the company’s turnaround efforts.
Technical analysts view the stock’s recent surge as highly constructive. Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, noted that Vodafone Idea shares are trading well above their key short- and long-term moving averages, indicating a strong bullish trend. He highlighted that the Relative Strength Index (RSI) stands at 84.75 and the Average Directional Index (ADX) at 65, both pointing to extremely elevated momentum levels. Shah cautioned, however, that such elevated readings could lead to intermittent profit booking.
Shah also pointed out that the stock has rallied nearly 71% since hitting a low of ₹8.13 on April 2, reinforcing 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 Moving Average Convergence Divergence (MACD) histogram bars also support the positive momentum. Shah expects the ₹12–12.50 zone to act as a crucial support level, and the trend is likely to remain bullish as long as the stock holds above this range.
Investors are now closely watching whether the current momentum can be sustained, especially in light of the one-time accounting gains that boosted the latest quarterly profit. While the stock’s technical outlook remains strong, analysts advise caution due to the elevated RSI and ADX levels, which suggest potential volatility ahead.
