Vodafone Idea Down 10% As Goldman Sachs Predicts 83% Downside In The Stock. Should You Sell?

Vodafone Idea shares plunged over 10% in early trade on Friday, September 6th, following a dire forecast from foreign brokerage firm Goldman Sachs, which predicted an 83% downside in the stock. The share price dropped as much as 10.1%, hitting a low of ₹13.5 per share on the NSE. Goldman Sachs maintained its 'Sell' rating on Vodafone Idea, slightly raising the target price to ₹2.5 from ₹2.2 per share. Mitesh Panchal from miteshpanchal.in weighs in on the situation, noting that Vodafone Idea remains fundamentally weak, even at levels below ₹14. He points out that the stock failed to capitalize on the recent market rally, further signalling concerns for investors. Tune in for deeper insights into what lies ahead for Vodafone Idea and whether there’s any potential for a turnaround in the near future."