Paytm, Vodafone Idea, ITC Hotels, Sona BLW to Tata Consumer shares: Jefferies sees up to 34% upside | Target, rationale
Jefferies rate 5 stocks, including One97 Communications, Vodafone Idea and ITC.
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Jefferies India stock recommendations: The global investment bank has given its views on above-mentioned 5 shares after analysing their…
The analysis
Where the names start from: One97 Communications (Paytm) is 12% below its 52-week high, +22.6% over three months; Tata Consumer is 19% below its 52-week high, -6.2% over three months; ITC Hotels is 23% below its 52-week high, +4.1% over three months; Vodafone Idea is 24% below its 52-week high, -8.1% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Market context
- Brokerage calls from Jefferies, with ratings on 5 stocks. The stocks: One97 Communications (Paytm), Vodafone Idea, ITC (ITC Hotels), ITC Hotels and Tata Consumer.
- The “up to 34% upside” is the brokerages’ own estimate: the gap between the share price when the note was written and their target price, usually set a year out. It is a forecast by the brokerage, not a move that has happened.
- On the day, 2 of 5 are higher: Tata Consumer leads at +0.5% and One97 Communications (Paytm) trails at -3.1%.
- Over three months: One97 Communications (Paytm) +22.6% against Financial Services -14.9% (37.5 points ahead); Vodafone Idea -8.1% against Telecom & Media +0.9% (9.0 points behind); ITC (ITC Hotels) -6.8% against FMCG -10.7% (3.9 points ahead); ITC Hotels +4.1% against Hotels & Restaurants -0.9% (5.0 points ahead).
- At least 25% below the 52-week high: ITC (ITC Hotels) (37%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| One97 Communications (Paytm)PAYTM · Financial Services | ₹1,634.30 | -3.1% | -2.6% | +22.6% | -11.7% | 0.5× | — |
| Vodafone IdeaIDEA · Telecom & Media | ₹11.83 | -2.4% | -8.7% | -8.1% | -24.2% | 0.7× | — |
| ITC (ITC Hotels)ITC · FMCG | ₹265.60 | +0.2% | +1.1% | -6.8% | -36.8% | 0.7× | — |
| ITC HotelsITCHOTELS · Hotels & Restaurants | ₹167.17 | -1.3% | +1.9% | +4.1% | -23.4% | 1.4× | — |
| Tata ConsumerTATACONSUM · FMCG | ₹1,025.90 | +0.5% | +8.1% | -6.2% | -19.3% | 0.8× | — |
Financial Services
1M -8.8% · 3M -14.9%
One97 Communications (Paytm)
Telecom & Media
1M -0.2% · 3M +0.9%
Vodafone Idea
FMCG
1M -4.9% · 3M -10.7%
ITC (ITC Hotels), Tata Consumer
Hotels & Restaurants
1M -3.1% · 3M -0.9%
ITC Hotels
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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