Analysts said the optimistic wagers are on hopes that the American central bank could tone down its aggressively hawkish stance on interest rates on November 2, even as the Fed has repeatedly quashed market expectations in every policy meeting in the past year, forcing traders to reassess their bullish breakout models.
Jefferies says Vodafone Idea shares can soar 143% in bull case scenario. 3 reasons why brokerage is upbeat
Jefferies sees a wide risk-reward range for Vodafone Idea, forecasting up to 143% upside in its bull case and 25% downside in its bear case.