Vodafone Idea's shares fell nearly 20% on Thursday after the Supreme Court had dismissed the curative petition filed by telecom companies over computation of the AGR dues.

Vi shares plummeted nearly 20 per cent on Thursday’s trade to close at ₹10.38 on the BSE after the Supreme Court dismissed pleas filed by telecos seeking correction of alleged errors in the adjusted gross revenue (AGR). The move has invited mixed opinions from brokerages.

Supreme Court dismisses telecom providers' petition against ₹92,000 crore AGR dues, upholding government's calculation method.

The Bench of Chief Justice of India D Y Chandrachud, and judges Sanjiv Khanna and B R Gavai, in their order of August 30, which was made public on Thursday, rejected the hearing of the curative petition and dismissed the pleas.

While Nomura has upgraded shares of Vodafone Idea, Goldman Sachs still has a sell rating with a ₹2.5 price target.

Shares of most telecom firms were trailing on Friday after the Indian Supreme Court stayed its ruling on adjusted gross revenue (AGR) dues. What Happened: The Supreme Court dismissed a series of petitions from telecom companies,

The lowest price target has been given by Goldman Sachs, with a 'Sell' rating, as it sees no government support/relief in AGR liabilities

Earlier this month, global brokerage firm Goldman Sachs downgraded Indus Towers from a 'Neutral' rating to 'Sell,' lowering the target price to ₹220.

Shares of Vodafone Idea Ltd and Indus Towers on Thursday (September 19) experienced a sharp decline, with Vodafone Idea's stock hitting the 15 percent lower circuit limit and Indus Towers falling by 10 percent.

The court upheld the earlier decision, thereby reinforcing the obligation of telecom companies to pay their AGR dues.

Telecom infrastructure company Indus Towers Ltd on Thursday (September 19) issued a clarification regarding its recent share price fluctuations following the Supreme Court's decision to reject pleas seeking recomputation of adjusted gross revenue (AGR) dues.