Citi maintains buy rating on Vodafone Idea, says shares may rally 70% after major debt relief

Citi upgraded Vodafone Idea to “buy” with a target price of Rs 13 per share, citing a significant bank guarantee waiver for spectrum payments. This relief eases financial pressure, improving funding prospects. Indus Towers also benefits.

More To Explore

How to calculate net interest margin?

NIM measures a bank’s profitability from interest activities. It’s influenced by interest rates, loan quality, and asset mix, and can be improved by optimizing lending