"Vodafone Idea Share: 'Ye Bhaav Jarur Aayega' - Sanjiv Bhasin's Strong Endorsement of Vi Stock"

Ace investor Sanjiv Bhasin has advised ET NOW viewers not to sell Vodafone Idea shares, expressing confidence that the company is on the path to becoming EBITDA positive.

In an exclusive conversation with ET NOW, veteran market expert Sanjiv Bhasin reiterated his bullish views on Vodafone Idea. He advised viewers to hold onto their Vodafone Idea stock, describing it as a good buy at the current price. Bhasin is confident in the Aditya Birla Group's future performance.

"Don't sell below Rs 22. This price will come. Look, price hikes are around the corner, and the capital infusion has reinforced confidence. The group is doing well," he said. He noted that the company's net debt to banks is just under Rs 4,000 crore. "There will be some more debt over the next year, but I think they are well on their way to becoming EBITDA positive. Cash flow will turn positive over the next year."

Bhasin also highlighted the company's user base growth and 5G expansion. "You will see a lot of users returning to Vodafone Idea. The 5G expansion is going as planned. I think all indicators are positive," he added.

"The underlying positive factor is the AGR outlook. If the adjusted gross revenue (AGR) relief provides a 40% benefit, the stock can be rerated very quickly. This is a must-have in your portfolio on any declines around these levels," he emphasized.

Bhasin predicted that the Rs 22 mark would be reached by the end of this year.

Vodafone Idea recently concluded a follow-on public offer (FPO), raising Rs 18,000 crore. As a constituent of the S&P BSE 200, Vodafone Idea has yielded a positive return of 10% in the last six months and a multibagger return of 105% over the past year. The shares have a 52-week range of Rs 18.42 to Rs 6.98, with a market cap of Rs 97,664.20 crore as of May 29, according to the BSE website.