India's Vodafone Idea rises as Jefferies initiates coverage with 'buy'

Vodafone Idea

10/09/2026 05:08

** Telecom service provider Vodafone Idea's VODA.NS shares rise 0.7% to 15.63 rupees 
** Jefferies initiates coverage with "Buy" and PT of 20 rupees, a 28.9% upside to the stock's last close 
** Says VODA offers high-beta turnaround opportunity in Indian telecom
     ** Jefferies expects subscriber stabilization and operating leverage to drive 11% revenue CAGR over FY26-29, 25% cash EBITDA CAGR and improved return on invested capital through FY31
** "VIL is the most leveraged beneficiary of tariff hikes, with every 10% increase potentially driving ~34% equity value upside" - Jefferies
** 4 of 19 brokerages rate the stock "buy" or higher, 7 "hold" and 8 "sell" or lower; their median PT is 12.5 rupees - LSEG-compiled data
** YTD, stock up 44.2% vs 13.8% fall in shares of rival Bharti Airtel BRTI.NS   

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))