Vodafone Idea: Why Motilal iswal, Nomura sees 22% downside risk despite AGR relief
Vodafone Idea's stock price has surged by 43% in the last month, driven by strong Q4 results, which included a significant reduction in AGR dues and a first quarterly profit in six years. While some brokerages have downgraded the stock and expressed concerns about management's ambitious goals, others have raised the target price, but caution that more needs to be done for sustained growth.