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Vi shares fall 14% after Goldman Sachs sell call
The Morning Standard
|September 07, 2024
THE share of Vodafone Idea (Vi) plummeted by as much as 14% on Friday after Goldman Sachs predicted a potential downside of over 80% from the stock's last closing level.
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The share price fell to a low of ₹12.91, down from the previous day's close of 15.09. Vodafone Idea's share closed at 13.43, down by 11% from Thursday.
The brokerage set a target price of ₹2.5 per share, triggering a sell-off in Vi stock.
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