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 deliver 11% and 25% CAGRs in revenue and EBITDA over FY26-29E.
