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Gaurav Narendra Puri

27th Oct · SEBI-Registered Analyst

After rising by about 10%, Vodafone Idea's stock falls below ₹10.

IDEA
Vodafone Idea has benefited greatly from the Supreme Court's decision to allow the center to reevaluate the AGR dues. Given the company's equity stake and more than 20 crore users, the highest court declared that the ruling is only relevant in the unique facts and circumstances of this case. According to the Supreme Court, there is no justification for preventing the center from reexamining the matter. Despite not submitting a resolution for Vodafone Idea, the Supreme Court has given the central government, represented by Solicitor General Tushar Mehta, permission to grant the business any relief measures. Prior to the AGR dues hearing, the stock had experienced a significant decline.

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