Factor Update, September 7 2024
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GLS – L1 Global Long Short Fund Limited
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Is the AGR overhang over? Here’s why Citi has turned bullish on Vodafone Idea with a buy call
Vodafone Idea may finally be moving past one of the biggest overhangs in its long-running turnaround story, with Citi saying the closure of the adjusted gross revenue (AGR) chapter has materially improved the telecom operator’s chances of raising debt and completing its network expansion. In a fresh note, Citi has Vodafone Idea to “Buy-High Risk”…
