Citi maintains buy rating on Vodafone Idea, says shares may rally 70% after major debt relief
After the governmentβs approval of a significant bank guarantee waiver for spectrum payments provided a lifeline to Vodafone Idea, global brokerage firm Citi assigned the debt-laden telecom operator a “buy” rating with a target price of Rs 13 per share, indicating a potential 70% upside from current levels. The governmentβs decision to waive the requirement…
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