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 11% below its 52-week high, +28.9% over three months; Vodafone Idea is 22% below its 52-week high, -9.0% over three months; Tata Consumer is 22% below its 52-week high, -13.9% over three months; ITC Hotels is 24% below its 52-week high, +2.8% 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, 3 of 5 are higher: Tata Consumer leads at +5.4% and One97 Communications (Paytm) trails at -1.0%.
- Over three months: One97 Communications (Paytm) +28.9% against Financial Services -13.2% (42.1 points ahead); Vodafone Idea -9.0% against Telecom & Media +1.0% (10.0 points behind); ITC (ITC Hotels) -8.1% against FMCG -10.0% (1.9 points ahead); ITC Hotels +2.8% against Hotels & Restaurants +3.2% (0.5 points behind).
- At least 25% below the 52-week high: ITC (ITC Hotels) (38%).
- Trading well above normal today: ITC Hotels at 4.2 times its 20-day average volume and Tata Consumer at 2.9 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| One97 Communications (Paytm)PAYTM · Financial Services | ₹1,638.40 | -1.0% | -1.1% | +28.9% | -11.4% | 0.6× | — |
| Vodafone IdeaIDEA · Telecom & Media | ₹12.17 | +1.8% | -16.2% | -9.0% | -22.0% | 0.4× | — |
| ITC (ITC Hotels)ITC · FMCG | ₹259.30 | -0.5% | -3.2% | -8.1% | -38.5% | 0.1× | — |
| ITC HotelsITCHOTELS · Hotels & Restaurants | ₹168.00 | +2.3% | +1.5% | +2.8% | -23.6% | 4.2× | — |
| Tata ConsumerTATACONSUM · FMCG | ₹987.45 | +5.4% | -4.8% | -13.9% | -22.3% | 2.9× | — |
Financial Services
1M -11.5% · 3M -13.2%
One97 Communications (Paytm)
Telecom & Media
1M -0.7% · 3M +1.0%
Vodafone Idea
FMCG
1M -8.0% · 3M -10.0%
ITC (ITC Hotels), Tata Consumer
Hotels & Restaurants
1M -5.8% · 3M +3.2%
ITC Hotels
Prices as of 27 Oct 2026, 10:42 IST. Sector moves are the average of the stocks we track in each sector.
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