Vodafone Idea’s stock plummets 14 per cent after Goldman Sachs’ bleak forecast

NEW DELHI: Vodafone Idea’s share price plummeted by as much as 14 per cent on Friday after Goldman Sachs predicted a potential downside of over 80 per cent from the stock’s last closing level.

The share price fell to a low of Rs 12.91, down from the previous day’s close of Rs 15.09. The global brokerage firm set a target price of Rs 2.5 per share, triggering a sell-off in the telecom service provider’s stock.