Potential Multibagger? Vodafone Idea shares are up 25% in 1 year, Jefferies sees 143% surge in bull case - Check target

Jefferies sees Vodafone Idea shares gaining up to 143% to ₹29 in an optimistic scenario, but warns they could fall to ₹9 if tariff hikes do not materialise. Its revised base-case target is ₹16, implying 34% upside, with recovery dependent on network investment and subscriber growth.