Vodafone Idea’s stock hit a 52-week low after the Supreme Court dismissed pleas for correction of alleged errors in the adjusted gross revenue | Photo Credit: Shares of Vodafone Idea plummeted to hit a 52-week low on Friday’s early trade on the NSE and BSE at ₹9.

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

Vodafone Idea shares have posted negative returns across multiple time frames, with a 35.26% decline in the last month and a 19.06% drop over six months. Year-to-date, the stock is down 35.50%, and it has lost 6.

Vodafone Idea shares have dropped 24% in two days, falling below Rs 10 due to the AGR ruling. The Supreme Court upheld the full AGR demand of Rs 70,320 crore. Despite this, Nomura upgraded the stock to 'buy,

The sharp 20 per cent correction in the stock price, more or less captures the value of the incremental liability, over and above what the Street was expecting, Nuvama said in a note.

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

Vodafone Idea's AGR plea dismissal by the Supreme Court could lead to a financial crisis, experts warn. The telco faces annual payments of USD 4-5 billion, raising concerns about its future.

The stock price of Vodafone Idea and Indus Tower plunged 15 per cent and 10 per cent respectively after the apex court dismissed telecom firms’ request to recalculate their adjusted gross revenue (AGR) dues.

Curative petitions are rare and generally considered only when there is substantial miscarriage of justice,” said Ankit Rajgarhia, principal associate, Karanjawala & Co. Cash-strapped Vodafone had reported a debt of Rs 2.

I think a fundraiser will certainly be needed for the company. To survive, they must increase earnings, and competition is already intensifying with the recent tariff hikes. If any one player faces an additional burden,

The stock was last seen trading 12.01 per cent lower at Rs 11.36. At this price, it has declined 33.14 per cent on a year-to-date (YTD) basis.