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Vodafone Idea a high-beta turnaround play, says Jefferies; initiates buy with 29% upside potential

Jefferies initiated coverage on Vodafone Idea with a Buy rating and Rs 20 target, citing subscriber stabilisation, tariff hikes and operating leverage. The brokerage expects strong revenue and cash EBITDA growth, but flags funding needs, execution risks and cash outflows.

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Economic TimesLean R·3h ago
Vodafone Idea a high-beta turnaround play, says Jefferies; initiates buy with 29% upside potential
Jefferies initiated coverage on Vodafone Idea with a Buy rating and Rs 20 target, citing subscriber stabilisation, tariff hikes and operating leverage. The brokerage expects strong revenue and cash EBITDA growth, but flags funding needs, execution risks and cash outflows.
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Vodafone Idea a high-beta turnaround play, says Jefferies; initiates buy with 29% upside potential

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Vodafone Idea a high-beta turnaround play, says Jefferies; initiates buy with 29% upside potential

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