Vodafone Idea Shares Surge on Hopes of PMO Relief Decision

Vodafone Idea shares jumped nearly 8% on August 22 after reports that the PMO may decide on fresh relief measures, including extended moratoriums and waiver of penalties on AGR dues. With over ₹2 trillion in liabilities, Vi seeks funding support. Brokerages remain cautious—Motilal Oswal advises ‘Sell’ (TP ₹6), while ICICI Securities maintains ‘Hold’ (TP ₹7).