JPMorgan has reiterated a Neutral rating on Vodafone Idea, setting a target price of ₹10, suggesting a potential upside of 35.3% from the current market price (CMP) of ₹7.39. The company missed estimates on revenue and EBITDA, but capex is expected to accelerate in the second half of the year. The stock’s reaction will largely depend on management’s commentary regarding updates on debt funding.
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