Citi sees 51% growth potential in Vodafone Idea shares, drives stock 5% high
Global brokerage firm Citi has reiterated its “BUY” rating on Vodafone Idea and assigned a target price of ₹14 per share, implying a potential upside of nearly 51% in the stock. On Friday, the shares of Vodafone Idea surged 4.85% to a high of ₹9.72 in intraday trade.
This represents an upside of 51% from the stock’s Thursday (November 7) closing price of ₹9.25 on the NSE.
The reaffirmed rating follows the Supreme Court’s recent order permitting the reassessment of the telecom company’s Adjusted Gross Revenue (AGR) dues.
