Jefferies initiates coverage of Vodafone Idea with a “buy” recommendation and sets a target price of Rs 20. The brokerage estimates an upside of about 28.8% versus the stock’s Wednesday closing price of Rs 15.52.
The sources provided focus on the initiation note itself, including the rating and the numerical price target. They do not provide additional details on the underlying rationale, valuation drivers, or guidance changes from Vodafone Idea, nor do they include commentary from other outlets or analysts in the prompt. As a result, the available reporting is limited to Jefferies’ call and the implied return from the target price relative to the referenced close.
