Vodafone Idea share price can rise 143% from current levels? Jefferies explains a scenario analysis

What happened

Jefferies outlined two scenarios for Vodafone Idea, seeing the stock fall to ₹9 in a bear case or rise to ₹29 in a bull case, a 143% upside from current levels. Its base case price target was cut to ₹16 from ₹20.

Confirmed

Global impact / market context

A wide gap between the bear and bull cases shows how uncertain Vodafone Idea's future earnings are. The bull case depends on network rollouts and tariff hikes lifting revenue and profit, so investors face a big potential payoff against a steep possible loss.

Analyst inference

The stock has fallen nearly 23% from recent highs even as subscriber trends improve, and Jefferies says its valuation multiple sits below its five-year average, which the firm reads as an attractive risk-reward setup rather than a warning.

Analyst inference

What to watch

1. Jefferies expects revenue to grow at an 11% compounded annual rate and EBITDA at 25% over financial year 2026 to 2029, helped by network rollouts and tariff hikes. Confirmed
2. Sites on network are projected to expand 26% to 2,61,000 over the same period, which should support gross subscriber additions and help reduce churn, meaning customer cancellations. Confirmed
3. Watch whether actual site additions and tariff increases track these forecasts, since falling short would weaken the bull case and could push the stock toward the bear case ₹9 level. Analyst inference

Evidence

• Original source link unavailable