Is Vodafone Idea a Buy or Sell at current levels? Analysts advise….

Vodafone Idea is a key stock in focus. The share price has surged 10% in early trade, after the Govt approved the conversion of Vi’s upcoming spectrum dues repayment into equity. This is in line with the provisions in 2021 telecom relief measures. The total amount to be converted into equity shares is Rs 36,950 crore, with Vi issuing 3695 crore shares (at Rs 10/share). Though the street believes that this could ease out medium-term cash flow for Vodafone Idea, the AGR dues continue to be a key overhang for the stock.