GENERAL9 Sept 2026
Vodafone Idea share price: Jefferies sees 132% upside to ₹36 on tariff hikes; initiates coverage with 'Buy' rating | Stock Market News
Global brokerage Jefferies has initiated coverage on Vodafone Idea with a 'Buy' rating and a ₹20 target price, betting on tariff hikes, subscriber stabilisation and better cash flows. If tariffs rise 30% over FY27–29, the stock could hit ₹36, a 132% upside; without hikes, it could fall to ₹9. The stock is already up over 70% in the last year.
Key Statutory Highlights
- Jefferies has started covering Vodafone Idea with a 'Buy' rating and a ₹20 price target, which is 29% above the last close.
- In a bull case, Vodafone Idea could reach ₹36, a 132% upside, if cumulative tariff hikes of 30% happen during FY27–29.
- Without any tariff hikes in FY27–29, the stock could fall to ₹9, Jefferies says.
Actionable Advice for Taxpayers / Founders:If you hold or are considering Vodafone Idea shares, treat the ₹20 and ₹36 figures as analyst projections, not guaranteed outcomes; weigh the tariff-hike and funding assumptions before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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