Vodafone Idea Share Price Target: Veteran market expert Rakesh Bansal has recommended a Dhurandhar stock. In a video uploaded on his YouTube channel, "Rakesh Bansal", the market expert has advised making fresh positions in Vodafone Idea.
Bansal said that his conviction is very high and that the stock has potential to extend the winning momentum.
Rakesh Bansal said that Vodafone Idea shares have decisively crossed the FPO level of Rs 11 and hit a 52-week high of Rs 12.96 on May 13.
Notably, a crucial meeting is scheduled to take place on May 16, wherein a decision will be taken with regard to the next round of fundraising.
"Even if you are holding at Rs 11, then my recommendation is not to exit your position, although the stock has moved higher with a strong rally in the past sessions. My advice is not to sell Vodafone Idea and remain invested," Rakesh Bansal said in the video.
In fact, Rakesh Bansal said, this is the right time to add more or even make fresh positions in Vodafone Idea.
According to Rakesh Bansal, Vodafone Idea shares are now ready to march towards the levels of Rs 18-20.
"The technical structure of Vodafone Idea is very positive and flashing a buy signal. At current levels, Vodafone Idea is clearly a buy candidate for a target price of Rs 18 to Rs 20," Rakesh Bansal said.
