Vodafone Idea: Citi sees 37.5% upside after Rs 16,500 crore AGR relief – Is the debt trap breaking?
Can a long-running regulatory issue finally change the story for Vodafone Idea? The share price of the Aditya Birla Group -backed Vodafone-Idea is buzzing and is up nearly 4% after a bullish report from Citi.
The global brokerage firm, Citi has now turned bullish on the stock, setting a target price of Rs 14 per share. For those keeping score, this translates to a 37.5% upside potential from current market levels.
But what is driving this optimism for this penny stock?
