Jefferies has initiated coverage on Vodafone Idea with a ‘Buy rating and a Rs 20 price target, implying 29% upside. The brokerage expects subscriber stabilisation, tariff hikes and operating leverage to drive recovery, with cash EBITDA forecast to grow at a 25% CAGR through FY31. However, funding needs and execution remain key risks to the turnaround.

Jefferies initiated coverage on Vodafone Idea with a Buy rating and Rs 20 target, citing subscriber stabilisation, tariff hikes and operating leverage. The brokerage expects…

Jefferies has initiated coverage on Vodafone Idea with a ‘Buy rating and a Rs 20 price target, implying 29% upside. The brokerage expects subscriber stabilisation, tariff hikes…