Vodafone Idea stocks extend rally on AGR waiver buzz; gain 30% in 1 week

Shares of Vodafone Idea (Vi) on Monday hit an intraday high of Rs 10.48 apiece on the BSE on reports that the government was working on a proposal to waive a substantial portion of adjusted gross revenue (AGR) dues for telecom companies.

The stock ended the trading session at Rs 9.95, gaining 9.10 per cent.

However, later in the day, the telecom major said it did not receive any communication from the government yet about the waiver.