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The shares came under pressure after the global brokerage firm Macquarie slashed its target price for the stock by 25 percent to Rs 900 from the Rs 1,200 earlier.
Ahead of the Union Budget 2022, experts are bullish on some sectors and stocks which are expected to outperform going forward.
Of late, the shares have been under tremendous selling pressure. The stock hit its all-time low of Rs 995 on Friday.
Once Vodafone Idea stabilises its financial position, the government intends to sell off its majority stake, according to a report.
The Indian government will now be a stakeholder to the tune of 35.8 percent in India’s third-largest telecom company - Vodafone Idea.