Jefferies sees Vodafone Idea up to 143% in bull case
In short
Jefferies says Vodafone Idea shares could rise as much as 143% to ₹29 in a best-case scenario. Its base-case target is ₹16, which means 34% upside, and its downside case is ₹9 if tariffs do not go up.
This matters because investors are watching whether the company can recover through network spending and more subscribers. The report does not say if Jefferies changed its rating.
What the reporting says
Jefferies said Vodafone Idea shares could rise up to 143% to ₹29 in an optimistic scenario. The publisher summary also says the revised base-case target is ₹16, implying 34% upside, while the bear case is ₹9 if tariff hikes do not materialise. The outlook depends on network investment and subscriber growth, but the reporting does not say whether Jefferies changed its rating.
Why it matters
Jefferies has set out a wide valuation range for Vodafone Idea, with a bull-case target of ₹29, a base-case target of ₹16 and a bear case of ₹9 if tariff hikes do not happen. The publisher summary says the outlook depends on network investment and subscriber growth, and notes the stock is up 25% over one year. The reporting does not state a rating action or a fresh company response.