Vodafone Idea Shares Soar 50% in 2025, Brokerages Split on Future; 26% Upside Seen

• Vodafone Idea shares surged over 50% in 2025, outperforming Bharti Airtel's 31.35% return.
• Ambit Capital maintains 'Buy' with a ₹15.10 target (26% upside), citing potential government support despite reduced ARPU estimates.
• JM Financial gives 'Add' (₹11.50 target) and MOFSL targets ₹10, indicating potential downside for VI.
• VI faces challenges like subscriber loss, heavy AGR dues, and capex needs, making government relief crucial to avoid a duopoly.
• Company raised ₹22,000 crore equity and ₹3,300 crore debt, but further funding is needed for network expansion and deferred payments.

Why It Matters: Vodafone Idea shows strong returns, but its future hinges on government support and further funding.