Vodafone Idea Surges on Hopes of AGR Dues Settlement

Vodafone Idea shares jumped nearly 9% on October 7, hitting an eight-month high amid hopes of a one-time settlement of its AGR dues, reportedly under government consideration. The rally coincides with UK PM Keir Starmer’s India visit. The Supreme Court has deferred the AGR hearing to October 13, while telecom stocks rose 2%.