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Vodafone Idea valuation nudges higher but upside remains constrained
Analysts see a small valuation uplift for Vodafone Idea, but heavy government liability overhang continues to limit long-term upside potential.
A marginal upward adjustment to their valuation view on , citing slightly lower discount rates, modestly improved long-term margin assumptions, and a marginally cheaper future P/E multiple. Fair value now trends near ₹8.9 per share, though analysts caution that returns remain capped by the overhang of government related AGR and spectrum liabilities. Ongoing talks with Tillman Global, IT modernisation initiatives, and management changes provide support but do not materially alter the risk profile.