Hot stocks: Brokerages on Indus Towers, Vodafone Idea and IndiGo

Nomura has upgraded Vodafone Idea from neutral to buy, setting a target price of Rs 15. They believe the worst is behind us with the conclusion of the AGR overhang. The recent sharp correction and a strong industry outlook create a buying opportunity, as government support may significantly ease Vodafone Idea's funding gap.