Markets have been witnessing consolidation over the past few weeks, post the sharp recovery from its recent low witnessed on November 21. Overall, lack of clear triggers on the back of FII sell-off which appears to have waned recently, corporate earnings slowdown, inflationary concerns, bullish momentum in US stock markets, are some of the factors playing out in the markets.
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.