Ambit upgrades Vodafone Idea #1 Upgrades to Buy from Under Review; target of Rs 21/share #2 Struggles of over a decade are easing. #3 Network upgrades won’t be constrained by funding. #4 Subscriber declines to be arrested in FY25E followed by all-round growth. #5 Government and investors to continue with equity support Ambit upgrades Vodafone Idea #1 Upgrades to Buy from Under Review; target of Rs 21/share #2 Struggles of over a decade are easing. #3 Network upgrades won’t be constrained by funding. #4 Subscriber declines to be arrested in FY25E followed by all-round growth. #5 Government and investors to continue with equity support

Ambit upgrades Vodafone Idea

#1 Upgrades to Buy from Under Review; target of Rs 21/share
#2 Struggles of over a decade are easing.
#3 Network upgrades won't be constrained by funding.
#4 Subscriber declines to be arrested in FY25E followed by all-round growth.
#5 Government and investors to continue with equity support Ambit upgrades Vodafone Idea

#1 Upgrades to Buy from Under Review; target of Rs 21/share
#2 Struggles of over a decade are easing.
#3 Network upgrades won’t be constrained by funding.
#4 Subscriber declines to be arrested in FY25E followed by all-round growth.
#5 Government and investors to continue with equity support

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