Vodafone Idea shares rise 6% as Citi maintains a ‘buy’ call on prospects of a positive AGR lawsuit decision.
Global brokerage Citi maintained its ‘buy’ recommendation on Vodafone Idea stock after the Chief Justice of India consented to hear its appeal over AGR (Adjusted Gross Revenue) dues. Citi has set a target price of ₹23, suggesting a strong upside of almost 38%. “The management is hopeful about a positive resolution in the AGR case…