Vodafone Idea Share: Vodafone Idea share price rose over 8% in early trade on Monday after the company announced the completion of a $3.6 billion (roughly Rs. 29,880 crores) deal with Nokia, Ericsson, and Samsung for the supply of network devices over three years. The shares were trading at Rs.

The deal is the first step towards implementing the company's $6.6 billion (Rs 550 billion) transformational three-year capital expenditure plan. Vodafone Idea said in a stock exchange filing on September 22 that the capital expenditure program targets increasing 4G population coverage from 1.03 billion to 1.2 billion, rolling out 5G in key markets, and expanding capacity in line with data growth.

Vodafone Idea shares fell nearly 22% in 1 week

The company's stock has fallen by about 22% in the last 1 week. In such a situation, investors who have this stock in their portfolios, should they still hold it or should they exit or invest in some other telecom sector companies? Two experts of ET NOW Swadesh, Sunny Agarwal of SBI Securities and Tejas Shah of JM Financial, have given their opinions on this issue.

What is expert Tejas Shah's opinion on Vodafone Idea- Vodafone Idea Share Price Target

In a special show of ET NOW Swadesh, the expert said on Vodafone Idea that the stock is at its psychological support of Rs 10. Looking at the chart of the stock, the RSI also looks quite oversold which is close to 20. According to expert Tejas Shah, a relief rally can come in Vodafone Idea which can take the stock up to Rs 12. The expert has advised that if a relief rally comes, it would be better to exit from here.

It is better to invest in this stock than Vodafone Idea

In a special show of ET NOW Swadesh, Sunny Agarwal of SBI Securities said that the most important issue in the revival plan of the company was that the government will waive off the liability of the company to the government, but the Supreme Court has rejected it. So now it remains to be seen how the company will make up for it in the future.