Sep 10, 2026, 9:32 AM3 views

Vodafone Idea shares price in focus as Jefferies initiates coverage with Buy rating. Why are analysts bullish?

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…

, ETMarkets.comLast Updated: Sep 10, 2026, 09:32:00 AM IST

Synopsis

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.

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