Vodafone Idea Share Price: September 2026 Spike, Free Roaming and Nomura View

Why vodafone idea share price searches spiked in late September 2026

Google Trends India listed “vodafone idea share price” as trending around September 29, 2026, with about 1,000 searches in the previous 24 hours and roughly 300% growth (Google Trends India). The spike coincided with Vodafone Idea’s free international roaming launch and a Nomura equity note published on September 28, 2026. Google Trends measures search interest only; it does not confirm price movements or investment merit.

What happened to the share price on September 28

Business Today reported that on Monday, September 28, 2026, Vodafone Idea shares fell 2.83 per cent to Rs 13.88 apiece amid a broader stock market fall (Business Today). The decline happened even though Vi had just introduced free international roaming on select prepaid, postpaid and enterprise plans. A single-day fall does not by itself explain the company’s fundamentals, and the sources do not isolate how much of the drop was tied to the roaming announcement versus general market weakness.

Vi’s free international roaming offer

Vi said it bundled free international roaming into key plans starting September 25–26, 2026 (TelecomTalk). Eligible annual prepaid plans range from Rs 3,599 to Rs 4,999; postpaid plans start at Rs 501 and enterprise plans at Rs 451. Customers can use the benefit across 170-plus countries, for up to three trips a year, with potential savings of up to Rs 9,000 annually. The benefit is claimed once per annual pack’s validity through the Vi App.

Not all circles are covered. Vi’s published details exclude Assam, Jammu and Kashmir, and the North East from the free IR benefit, and eligible plans may vary by circle. The offer is framed as a customer retention and premiumisation move rather than an immediate revenue driver, since international roaming revenue across Indian telcos is generally a small fraction of total carrier revenue.

Plan type	Starting price	Roaming benefit
Annual prepaid	Rs 3,599 – Rs 4,999	Free IR, up to 3 trips/year
Postpaid	From Rs 501	Free IR
Enterprise	From Rs 451	Free IR

Nomura’s cautious read on Vodafone Idea

Nomura maintained a “Neutral” rating on Vodafone Idea, citing a significant valuation premium against Bharti Airtel and a stretched cash-flow position. The brokerage projected about 15% EBITDA CAGR on a lower base and said the roaming bundle targets subscriber growth and premiumisation rather than immediate ARPU expansion. It also noted that international revenue is a low single-digit portion of total revenue for Indian telcos, so the offer is unlikely to move earnings sharply in the near term. Bharti Airtel remained Nomura’s top pick among telecom stocks.

What readers should keep in mind

These facts are dated to late September 2026. The sources used here do not provide a verified Vodafone Idea share price for November 2026, so current investors should check a live trading terminal or exchange data before deciding. Nomura’s rating and the September 28 price are reported claims from that period, not current recommendations. Readers should consult a qualified financial advisor before making investment decisions.