IDEA

The stock remains down ~57% year-over-year, sliding from highs near ₹17.7  Major concerns include heavy AGR dues (~₹84,000 crore), large operating losses (₹7,166 cr in Q4 FY25), and a shrinking subscriber base Positives: Some optimism exists—analysts like CLSA retained an Outperform call with an ₹8 target following Q4 updates Long-term: Sustainable recovery depends critically on resolution of AGR dues, financial turnaround, and subscriber stabilization.