Vodafone Idea share price zooms 10% on Rs 1,000 crore AGR dues payment ahead of SC hearing

Vodafone Idea share price zoomed nearly 10 per cent to Rs 9.69 apiece on BSE today after the telecom company paid Rs 1,000 crore towards the pending AGR dues. Despite a 10% gain in the stock price, Vodafone Idea stock price is still 23 per cent off from its 52-week high level. Vodafone Idea stock price hit a 52-week high of Rs 12.62 apiece last month. The Supreme Court is expected to hear the Adjusted Gross Revenue (AGR) case later today. “Vodafone Idea (VIL) stands at the last spot in both active and gross subscriber market share. VIL’s continuous loss of subscribers is majorly due to its sub-par network qualities along with its survival uncertainty, which is hinging on the Supreme Court’s decision to grant an extended moratorium period on the AGR liability,” Motilal Oswal Financial Services said in a report.