Citi claims that, in light of recent AGR developments, Vodafone Idea shares are a "high-risk" investment.

On Monday, September 22, brokerage company Citi described Vodafone Idea Ltd. shares as a "high-risk buy" in its most recent note. With a price objective of ₹10, Citi's "high-risk buy" recommendation suggests an 18% potential increase from last Friday's closing levels. According to the brokerage's statement, Vodafone Idea's chances of receiving a possible remedy have grown after the Supreme Court accepted the company's most recent AGR case and the government also expressed support. The Supreme Court hearing on Vodafone Idea's AGR case was postponed till Friday, September 26 last Friday. However, the government's position during the hearing raised the likelihood of a possible remedy, which caused the stock to spike sharply.