Vodafone Idea Ltd: Targets after Tariff Hikes.

CMP: Rs.13.35.

After the recent tariff hike by telecom companies in India, several brokerage houses revised their price targets for Vodafone Idea Ltd, reflecting a more optimistic outlook due to expected revenue growth. Here are some of the updated targets:

💢ICICI Securities: Rs. 13, maintaining this target due to expectations of improved EBITDA in FY25-27 and increased investments in network infrastructure.

💢Motilal Oswal: Rs. 15, following the company's focus on addressing its funding gap and network expansion.

💢Citi: Rs. 22, maintaining a relatively optimistic view on Vodafone Idea’s ability to grow with tariff hikes.

💢Deutsche Bank: Rs. 1.50, reflecting a more conservative outlook amid concerns over competition.

💢Emkay Global: Rs. 14, citing the potential for improved cash flow and debt reduction.

💢Kotak Securities: Rs. 12, expressing a moderate stance on revenue improvement post-hike.

💢JP Morgan: Rs. 16, highlighting better ARPU and debt reduction prospects.

💢HDFC Securities: Rs. 13, viewing the tariff hikes as a lifeline for financial recovery.

💢Jefferies: Rs. 15, anticipating that network improvements could help Vodafone Idea regain market share.

💢Morgan Stanley: Rs. 14, citing increased competition but improved financials post-tariff hikes.

These targets indicate that many analysts are cautiously optimistic about Vodafone Idea's recovery, especially with the potential for revenue improvement from the tariff hikes. Photo: iStock