Vodafone Idea shares in focus as Citi maintains buy; expects 57 per cent potential gains

Vodafone Idea share price, Vodafone Idea target price: Shares of Vodafone Idea in Tuesday's trade is in focus after the company's concall held yesterday. Primarily, the company said going forward the industry would need to increase the tariff.

Furthemore, amid the development over the weekend as the telecom company inked the deal for further boosting its 4G business and deployment of 5G with Nokia, Ericsson and Samsung, global brokerges remain divided on the prospects of the stock.

How do global brokerages see Vodafone Idea after its new capex plan?

Citi has maintained its previous buy call and has pegged the target at Rs 17, implying gains of 57 per cent from the previous close.  The brokerage is of the view that the company's network equipment deal of Rs 30,000 crore underscores that the company's investment plans remain unaffected.

The company noted that it Is now engaging directly with the centre to find resolution to the AGR issue. Also, the company expects to complete its pending bank debt raise in the next 7-8 weeks. The company anticipates another tariff hike in 15 months.

Nomura, meanwhile has maintained a buy on the brokerage with a target price of Rs 15. 

On the flip, Macquarie maintained its underperform call on the counter with a target of Rs 10 per share.