Vodafone Idea shares plunge 14% after Goldman slashes target price to Rs 2.5

Vodafone Idea’s share price fell by 14% on Friday, hitting a low of Rs 12.91 from the previous day’s close of Rs 15.09. This drop followed a target price of Rs 2.5 set by global brokerage firm Goldman Sachs, which also indicated a potential downside of up to 83%. Additionally, based on the recent capital raised, GS has forecast a further 300 basis points of share loss for Voda Idea over the next 3-4 years.