New Delhi, Feb. 12 -- Vodafone Idea share price declined over 4% in early trade on Thursday after foreign brokerage firm JPMorgan downgraded its rating on the telecom stock and estimated a 20% downside in the shares. Vodafone Idea shares fell as much as 4.47% to Rs.11.32 apiece on the BSE.

JPMorgan has downgraded Vodafone Idea shares to 'Underweight' and a target price of Rs.9 per share, implying a potential downside of 20% from its Wednesday's closing price, CNBC-TV18 reported.

At 9:50 AM, Vodafone Idea share price was trading 3.04% lower at Rs.11.49 apiece on the BSE.

(More to come)

Published by HT Digital Content Services with permission from MINT....