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