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Vodafone Idea Plans On Track Despite Set-Back On AGR Curative Petition: ICICI Securities

Considering the risk of AGR resolution rising, the brokerage cuts its EV/Ebitda multiple to 13x FY27E; consequently, its target price stands reduced to Rs 11 (from Rs 15); maintains Hold.

<div class="paragraphs"><p>A Vodafone Idea Ltd. store in Mumbai. (Photo: Usha Kunji/NDTV Profit)</p></div>
A Vodafone Idea Ltd. store in Mumbai. (Photo: Usha Kunji/NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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