Vodafone Idea Stock Alert: Brokerage Predicts 48% Crash, Advises Immediate Sell

• Emkay Global maintains 'SELL' rating on Vodafone Idea shares due to weak financial health.
• Brokerage sets target price at ₹6, predicting a potential 48% downside from current levels.
• Government's AGR dues relief was less than market expectations, with significant FY18-19 dues still pending.
• Company faces heavy debt, including ₹1.2 lakh crore in spectrum payment obligations from FY26-FY44.
• Emkay deems current valuation (13.6x EV/EBITDA FY27) expensive for a highly leveraged firm.

Why It Matters: Vodafone Idea faces significant financial hurdles; brokerage advises 'SELL' with a 48% downside.