The stars are finally aligning for Vodafone Idea, believes global brokerage house Citi Research. After an almost 87 percent jump in Vodafone Idea in the last one year, the brokerage expects another almost 100 percent potential upside in the telecom stock in its bull case scenario.In this scenario, it has a target price of ₹25 for the stock, indicating an upside of 97 percent.
Open FlipThe Indian stock market is witnessing sharp correction with the benchmark Nifty 50 falling nearly 3% from its record high level. Weak global market cues, cautiousness amid ongoing Lok Sabha Elections, in-line corporate earnings for the March quarter and sustained outflow of foreign funds have dragged the domestic equity market lower.
Open FlipThe net equity mutual fund inflows witnessed a decline in April to ₹18,888 crore compared to ₹22,576 crore in the previous month, according to the latest data released by the Association of Mutual Funds in India (AMFI). However, amidst the overall trend, there were notable shifts in various fund categories. Smallcap funds experienced an inflow of ₹2,209 crore.
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