Vodafone Idea Ltd: The Target in the last 6 Months.

CMP: Rs.13.35

Here are the targets set by various brokerage houses for Vodafone Idea over the last six months. These varying targets reflect different views on the company's path going forward, with some being more optimistic about potential government relief and market conditions, while others remain cautious due to Vodafone Idea's financial constraints. Photo: The Brand Hopper.

💢Nomura India raised its target price by 131% to ₹23, citing potential improvements in the company’s outlook.

💢Motilal Oswal set a more conservative target at ₹10, highlighting concerns over the company’s financial struggles.

💢Credit Suisse gave a target price of ₹5, pointing out the intense competition and Vodafone Idea’s high debt.

💢Kotak Securities placed a target of ₹12, factoring in potential relief from government measures.

💢ICICI Securities targeted ₹8, warning about the impact of delayed tariff hikes on revenue growth.

💢JP Morgan has a target of ₹6, focusing on Vodafone Idea’s weak subscriber base compared to competitors.

💢HSBC suggested ₹18, indicating optimism around long-term recovery but emphasizing operational challenges.

💢HDFC Securities set a target of ₹9, noting the need for equity infusion and tariff increases.

💢Axis Capital placed the target at ₹7, with concerns about high capital expenditures required to stay competitive.

💢Jefferies gave a ₹11 target, stressing Vodafone’s financial vulnerabilities amidst the ongoing industry price wars.