Vodafone Idea receives 23% stock rise, predicted as top beneficiary of telecom tariff hikes.
Analysts predict Vodafone Idea to be the biggest beneficiary from telecom tariff hikes, as its stock has risen by 23% in a month. Citigroup upgraded Vodafone Idea from neutral to buy, increasing the target price to Rs 23. Tariff hikes by all three private operators - Reliance Jio, Bharti Airtel, and Vodafone Idea - could provide revenue growth potential of 15%-17% over the next two to three quarters.
July 01, 2024
3 Articles