Vodafone Idea a turnaround play? Why Jefferies sees tariff hikes unlocking 30% upside
Jefferies initiates coverage on Vodafone Idea with a ‘Buy’ rating and Rs 20 price target, expecting a 30% upside. The firm sees stabilizing subscriber losses, increasing tariffs, and strong operating leverage as potential growth drivers. However, funding and execution risks are also noted. Jefferies values the stock at 23 times enterprise.