Vodafone Idea Share Price / Stock Price
Vodafone Idea is among the most popular Indian telecom operator service. In this article, we will explore the Vodafone Idea stock price. We will talk about the products and services the company is offering, reasons to invest in the stock, Vodafone Idea share price and historical prices.
Why Invest in Vodafone Idea Shares?
Vodafone Idea stocks have several reasons that should encourage you to buy its shares. That said, you must understand that whenever we talk about any new product or service, we usually focus on its potentialities. Here is the mention of some reasons why it is a good idea investing with this company:
- The current stock price itself is lucrative enough for trading. So, if you wish to do trading in a limited budget, you should not overlook it.
- If you look at various standards of measuring stock prices, or for instance, see the current trend, it appears to be the perfect time to invest in this stock.
- Since a while, the Vodafone Idea stock price has increased around 50%, and experts predict it will continue to rise. However, there is no hard to invest long-term.
- While Reliance Jio has tagged with Facebook, and Airtel found a partner in Amazon, Vodafone Idea also secured a top merge up – Google. Automatically, this would result in an exponential growth in its stock price, given the popularity of Google in India.
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How to Invest in Vodafone Idea Stocks?
Since we have covered the significant reasons why you should consider Vodafone Idea shares, perhaps it is time we discuss how to invest money on its stocks. Considering you don’t have ample knowledge of the steps involving stock trading, here is the detailed process:
- First step is to open trading and demat account. As for the Demat account, you need this mandatory account to keep all the traded stocks’ information. A Demat account store data of the shares you own under your name.
- The Trading account, too, has the same level of importance. You can’t even process a deal without owning a Trading account.
- Now, once you have picked your stockbroking company and opened up an account, you need to access your Demat and Trading accounts. However, you need to grab hold of the login credentials of those accounts, as well. Once you have that, you need to learn how to use a Trading Platform.
- You can either use the web portal using a web browser, mobile app or use the desktop version to do the same.
- Market Watch is next that you should be looking at. It is a useful feature that allows any stock trader to check out the stats of any particular stock in real-time mode. It is this feature where you will get all the data that includes the market fluctuations that occurred over any period.
- Once you are happy with the latest price-point of any particular stock, you can use your Trading account to request an order. There you must mention the share quantity as well. Then, once the Transaction gets done, the approved and purchased share will reflect on your Demat account.
About Vodafone Idea Ltd.
Vodafone Idea Ltd. is arguably one of the biggest mobile networks in India. Reports suggested they have over 332.65 million subscribers worldwide, making them the 2nd largest mobile telecommunication network in the country and 5th in the world.
The company is also famous for other products and services which we will learn later. However, if we talk about only is broadband service, it has over 340,000 sites, which are being distributed via 1.7+ million retail outlets.
The company incorporated in the year 2018, with two of the pre-existing networks in India – Vodafone, and Idea.
The merger was an instant hit and is beneficial for the company as well as its subscribers. As of now, Vodafone holds the rights of 45.1% company stake, while Idea or the Aditya Birla Group holds 26%. The rest, however, are publicly owned.
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Products or Services offered by Vodafone Idea
Vodafone Idea products are primarily mobile networks. It is a subscription-based service that most customer pays, i.e. either prepaid or post-paid. Recently, the company is massively spending time on improving its Mobile Payment service.
Even though it is relatively new, it is doing really well. Next on the Vodafone Idea services, we have IoT & enterprise offerings.
However, the one service that they are genuinely showing a lot of conviction is the entertainment services. They understand the potential of this service and rightfully implement a lot of resources to make it competitive. Add to that; they also offer Digital Channels and on-ground touchpoints.
Vodafone Idea Shares – Conclusion
Our final conclusion is, it is the right time to purchase the Vodafone Idea stocks as the market is recovering, and so is this particular stock.
The company before the merger was successful in staying afloat with the market competition. However, the alliance only made it stronger and more reliable in the stock market. The best thing is you can do trading in both long-term and short-term perspectives.
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