Among others, Vodafone Idea and Waaree Energies were among the top laggards, down 7.95 per cent and 6.9 per cent, respectively
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
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
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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
The Supreme Court on Friday agreed to hear on September 26 a plea of telecom major Vodafone Idea Ltd seeking quashing of the additional adjusted gross revenue (AGR) demands for the period until 2016-17. A bench of Chief justice B R Gavai and Justices K Vinod Chandran and NV Anjaria fixed the plea for consideration on next Friday after taking note of submissions of senior advocate Mukul Rohatgi, appearing for the telecom firm, and Solicitor General Tushar Mehta, who represented the Centre. The law officer said that now the circumstances have changed and the parties wanted to find a solution. We will keep it on Friday, the CJI said. The company has filed a fresh plea on September 8 seeking a direction to the Department of Telecommunications (DoT) to "comprehensively re-assess and reconcile all AGR dues for the period up to FY 2016-17 following the 'Deduction Verification Guidelines'" dated February 3, 2020. Earlier this year, in a setback to telecom majors, including Bharti Airtel a
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.
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Vi is quoting higher for the third straight trading day, gaining 14 per cent during the same period.
Shares of Vodafone Idea fell over 9 per cent after government clarified that no additional relief is being considered for its AGR dues
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The telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue, Minister of State for Communications Chandra Sekhar Pemmasani said on Monday. "We have recently converted a lot of their debt into equity. The government has done whatever we thought we could do. At this time, we do not have any discussion or plan to change anything other than what we have done," Pemmasani said. The government has become the single largest shareholder in Vodafone Idea after acquiring shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues in March. Earlier, the government had acquired around 33 per cent stake in 2023 in lieu of statutory dues worth over Rs 16,000 crore. Vodafone, in its affidavit before the Supreme Court, had said that it will not be able to survive without government support. The company's AGR liability at the end of the June 2025 quarter stood at around Rs 75,000 crore. Vodafone Idea, along with other player
Voda Idea stock is in demand following reports that DoT has proposed "multiple relief options", including a further two-year pause on paying the statutory dues under moratorium currently to the PMO.
Vi shares rose for a second straight session on Tuesday, despite analysts trimming target prices on concerns over weak market share
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