Buy or Sell Vodafone Idea now? Shares surge 7% but Emkay flags Rs 2 lk crore debt concerns
Vodafone Idea's stock increased by 8% after receiving a Rs 5,836 crore investment from Vodafone Group and Cabinet's approval for a 5-year moratorium on AGR dues. Emkay Global Financial Services maintains a 'Sell' rating with a target price of Rs 6 due to financial strain and lack of relief for deferred spectrum payments. The company's earnings are still insufficient.