Jefferies rates Vodafone Idea 'Buy' with ₹20 target, 29% upside
Jefferies, a global brokerage, thinks Vodafone Idea (VIL) could finally be on the comeback trail.
They've given VIL a "Buy" rating with a ₹20 share target, meaning the stock could jump nearly 29% from where it is now.
Jefferies says VIL's revival hinges on keeping its subscribers, offering more premium services, and raising prices.
Jefferies forecasts 11% FY26-FY29 revenue growth
Jefferies expects VIL's revenue to grow about 11% each year from FY26 to FY29.
If tariffs go up by just 10%, equity value could shoot up by 34%.
Still, there are challenges: VIL might see annual cash outflows over ₹40,000 crore between FY29 and FY34 and will need to raise around ₹16,000 crore by FY30.
Even so, Jefferies remains upbeat that with some government support and smart moves, VIL could turn things around for good.