Motilal Oswal downgraded Vodafone Idea to ‘sell,’ citing market share loss, weak financials, and heavy government dependence. The brokerage set a target price of ₹5, implying a 40% downside. Vi’s capex plans hinge on debt financing, but a cash shortfall looms from FY26 due to ₹44,000 crore annual government repayments. CEO Akshaya Moondra remains hopeful for government support, but subscriber churn and funding risks persist.
Vodafone Idea: Downgraded to ‘Sell’ by Motilal Oswal
