Vodafone Idea shares: Nomura India ups target price by 131%! Here's why

Nomura India said a long journey remains to be traversed, but the tempest has largely passed; and VIL is gearing up to meet clear skies ahead. Nomura India has upped its target price on Vodafone Idea Ltd by 131 per cent or 2.3 times to Rs 15 per share from Rs 6.50 earlier, as it upgraded the stock to 'Neutral', saying Q4 results for VIL were in line with estimates, with the pace of subscriber loss moderating and average revenue per user (ARPU) seeing modest uptick.

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