Economic TimesLean R·
Jefferies says Vodafone Idea shares can soar 143% in bull case scenario. 3 reasons why brokerage is upbeat
Global investment banking firm Jefferies has outlined sharply divergent scenarios for Vodafone Idea, projecting a potential 143% rally from current levels in its bull case and a 25% decline in its bear case.In its base case, Jefferies has cut its target price to Rs 16 from Rs 20, while retaining an upside potential of 34% from current levels. The stock has corrected 23% despite improving subscriber trends. VIL's ongoing network rollouts, along with tariff hikes, should position VIL well to deli…
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