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Last Updated : Mar 22, 2019 12:21 PM IST | Source: Moneycontrol.com

Buy Vodafone Idea; target of Rs 40: Motilal Oswal

Motilal Oswal is bullish on Vodafone Idea has recommended buy rating on the stock with a target price of Rs 40 in its research report dated March 20, 2019.

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Motilal Oswal's research report on Vodafone Idea


Vodafone Idea (VIL) board has provided the following details on its proposed INR250b rights issue: Price: INR12.5/share (~60% discount to CMP). Dilution: 70% (post issue) at a swap ratio of 87 equity shares for every 38 shares. Period of right issue: Opens on 10th April, closes on 24th April 2019.


Outlook


Our positive stance is mainly premised on the healthy promoter backing and the strong operating leverage opportunity from any ARPU increase. Maintain Buy.


For all recommendations report, click here


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First Published on Mar 22, 2019 12:21 pm
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