IDEA.NS Among Most Active on NSE (02 Jan 2026): Price INR 11.78, Vol 1.446B

IDEA.NS closed at INR 11.78 on 02 Jan 2026, up INR 1.02 or 9.48% on a massive volume spike of 1,446,066,546 shares, making it one of the most active names on the NSE. The move outpaced the 50-day average (INR 10.503) and occurred as traders reacted to recent quarterly beats and continued sector rotation into communication services. Meyka AI’s realtime analysis flags the surge as liquidity-driven and worth monitoring for follow-through.

Market action and liquidity

Volume surge and price reaction

Volume jumped to 1,446,066,546 versus an average of 518,359,503, a relative volume of 5.86x, which accompanied a close at INR 11.78. The stock opened at INR 11.72, touched a high of INR 12.05 and a low of INR 11.64. Heavy turnover suggests short-term repositioning by large traders and increased retail interest across NSE in India.

Valuation and fundamentals

Profitability, margins and balance-sheet cues

Reported EPS is negative at INR -3.08 and the trailing P/E is -3.77, reflecting continued losses. Market capitalization stands at 1256779206012 INR. Price-to-sales is 2.84 and EV/EBITDA is 25.89, showing elevated enterprise valuation versus earnings. Cash per share is 0.9176 INR while book value per share is negative at -7.6128 INR, underscoring structural balance-sheet stress.

Technical picture and trading setup

Momentum indicators and moving averages

RSI sits at 55.60, Bollinger middle band at INR 11.37 and ATR 0.63 INR, indicating moderate intraday volatility. The 50-day average is INR 10.503 and the 200-day average is INR 8.1414, both below the current price, which signals a bullish medium-term bias. On-balance volume and MFI readings confirm buyer accumulation during the recent rally.

Catalysts, earnings and sector context

Near-term catalysts and sector comparison

Upcoming earnings are scheduled for 11 Feb 2026. Recent quarterly releases showed mixed beats on revenue with continued negative EPS trends but improving operational metrics. Communication Services peers trade at a sector average P/E around 29.62; IDEA.NS remains an outlier with negative earnings. Regulatory, spectrum or capital infusion news remain principal catalysts and risks for future moves.

Final Thoughts

Key takeaways: Vodafone Idea (IDEA.NS) traded as one of the most active NSE stocks on 02 Jan 2026, closing at INR 11.78 on volume of 1,446,066,546 shares, roughly 5.86x the average. The stock shows improving momentum — 50-day average INR 10.503 and RSI 55.60 — but fundamentals remain stressed with EPS -3.08 and negative book value per share INR -7.6128. Meyka AI rates IDEA.NS with a score out of 100: 60.39623085761358 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 and sector comparisons, financial growth, key metrics and analyst consensus. Meyka AI’s forecast model projects a 1-month target of INR 13.52 (+14.8% vs INR 11.78) and a quarterly target of INR 17.53 (+48.8%), while the 12-month model point is INR 10.13 (-14.0%). Forecasts are model-based projections and not guarantees. Traders should watch upcoming earnings on 11 Feb 2026, changes in regulatory support or capital raises, and whether volume sustains above the 50-day average. For now, the stock is a high-liquidity, high-risk telecom play in India denominated in INR; position sizing and risk controls are essential.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.