Nomura upgrades Vodafone Idea to 'Neutral'; sees 13% upside; details here

Vodafone Idea stock outlook: Global brokerage Citi, too, has assigned a 'High Risk Neutral' rating to Vodafone Idea stock with a target of Rs 15

Vodafone Idea stock strategy: Vodafone Idea's March quarter (Q4) results for financial year 2023-24 (FY24) have raised hopes that the telecom service provider may finally see the light at the end of the tunnel; even if the tunnel is long.

In a recent note, analysts at Nomura upgraded Vodafone Idea's stock to 'Neutral' and said Vi needs to traverse a long journey, but the tempest has largely passed and VIL is gearing up to meet clear skies ahead.

"We upgrade the stock from Reduce with a revised target price of Rs 15 (from Rs 6.5). The industry outlook