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Vodafone Idea stock jumps 9%, UBS says ‘buy’ stock as 70-80% upside likely

Published:

May 24, 2024 12:04 PM IST

Vodafone Idea share price: UBS said, “We believe risk-reward is attractive going into any such announcement and upgrade to Buy.”

Vodafone Idea share price: Shares of Vodafone Idea (Vi) rose almost 10 per cent today (May 24) after UBS upgraded the stock to a ‘Buy’ rating from ‘Neutral’. The international brokerage also revised target price of the stock to 18 from 13.10 earlier and said that there is a scope of a 70-80 percent rally as relief in the form of AGR reduction by the Supreme Court along with government moratoriums, is highly likely.

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