Jefferies sets Vodafone Idea bear and bull cases at ₹9 and ₹29 a share
Jefferies outlines bear and bull scenarios for Vodafone Idea and cuts its base-case target to ₹16, according to TradingView. Shares trade near ₹12.18.
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what happened
Investment bank Jefferies, in a note on Tuesday, October 27, laid out two possible paths for telecom operator Vodafone Idea Ltd., as reported by TradingView. In the bear case the stock falls to ₹9, while the bull case lifts it to ₹29, a gain of 143% from current levels.
In its base case, Jefferies lowered its price target to ₹16 from ₹20, implying roughly 34% upside. The bank says the shares have dropped nearly 23% from recent highs, and at 21 times EV to cash EBITDA they trade below their five-year average multiple. Of 22 analysts covering the company, 10 rate it sell, eight hold and four buy. The consensus target implies no upside. Early Tuesday the shares were up about 2%.
why it matters
The key driver for investors is tariffs. Jefferies estimates that every 10% tariff increase lifts cash EBITDA by about 17% and market capitalization by 38%, given the company's high operating leverage. The scenarios depend heavily on whether tariffs rise in fiscal 2027-2029, which explains the wide spread of targets.
market impact
Vodafone Idea: tariff and network outlook drives the wide range of valuation estimates
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instruments
sources
- Vodafone Idea share price can rise 143% from current levels? Jefferies explains a scenario analysis — TradingView, 27 October 2026 at 04:39 UTC
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