Motilal Oswal downgrades Vodafone Idea to ‘sell’, 40% downside potential in sight

Motilal Oswal downgraded Vodafone Idea to ‘sell,’ citing market share loss, financial instability, and government dependence. The firm expects a 40% downside, setting a target price of Rs 5. Vi’s capex plans hinge on debt raise, but a cash shortfall looms. CEO Akshaya Moondra remains optimistic about government support.