New Delhi, Oct. 28 -- Vodafone Idea share price target: Vodafone Idea shares could rally as much as 143% from current levels under an optimistic scenario outlined by global investment banking firm Jefferies. However, the brokerage has also warned of significant downside risks, with its bearish outlook pointing to a potential fall in the telecom stock to Rs.9.

In its latest note dated October 27, Jefferies revised its base-case price target for Vodafone Idea to Rs.16 from Rs.20 previously. The new target indicates an upside potential of almost 35% from current levels. The brokerage's three scenarios reflect the importance of future tariff increases, network expansion and subscriber growth in determining the company's valuation.

The bull-...