Vodafone Idea stock was trading higher for the fourth straight day, surging 10% to ₹9.62 during the period and quoting close to its 52-week high of ₹10.48 touched on January 20, 2025.
The plea of Vodafone sought directions to quash the additional demand of AGR dues, saying that it belonged to the pre-2016-17 period that had been settled by the Supreme Court's earlier ruling
Vodafone Idea shares fell 3 per cent after the Supreme Court deferred its plea on the additional AGR dues as the Centre sought more time
Vodafone Idea rallied 8 per cent to ₹9.20, its highest level since February 10, 2025, on the BSE in Tuesday's intra-day trade amid heavy volumes
Resolution in the nearly ₹2 trillion ($22.5 billion) financial dispute may come through a waiver of interest and penalties, followed by a concession on the principal
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VIL sought additional relief, requesting the top court to direct that interest and penalties on the principal AGR dues should not be payable, citing another case as precedent
During the company's hearing in the Supreme Court, the Department of Telecom (DoT) sought time till October 6 to come up with a resolution plan
In the past three days, Vodafone Idea share price has appreciated by 14 per cent
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The Centre told the Supreme Court that a solution must be found in Vodafone Idea's plea against additional AGR dues, with the matter adjourned for further hearing next week
The company is accused of wrongly taking CENVAT credit, which is a type of tax credit businesses can claim for taxes paid on equipment or capital goods
Voda Idea is seen trading consistently above the 200-DMA after a gap of more than 1 year; a weekly close above ₹8.26 shall further strengthen the stock, suggest technical charts.
Vodafone Idea stock was trading at ₹8.34, up around 6.4 per cent against the previous session's close of ₹7.84 on the NSE
Shares of Vodafone Idea (Vi) hit an over four-month high at ₹8.19, gaining 7% on the BSE in Monday's intra-day trade amid heavy volumes. The stock now trades at its highest level since April 25, 2025.
Vodafone Idea has petitioned the Supreme Court to quash fresh AGR dues raised by DoT, arguing the new demands exceed the court's ruling and threaten its financial survival
Vi is quoting higher for the third straight trading day, gaining 14 per cent during the same period.
The unit of India's third-largest wireless carrier plans to issue bonds with tenors of two and three years, raising ₹30 billion and ₹20 billion, respectively, the sources said
Shares of Vodafone Idea fell over 9 per cent after government clarified that no additional relief is being considered for its AGR dues
Telecom stocks to buy, sell: Citing expensive valuations and low growth outlook, Emkay Global is cautious on the telecom sector. It initiated coverage on Bharti Hexacom with 'Reduce' rating