Vodafone Idea rally: Shares lock in 10% upper circuit after SC clarity on AGR dues; is this the relief investors were waiting for?

Vodafone Idea shares surged nearly 10% on Monday to hit the upper circuit at Rs 9.60 on the BSE, after the Supreme Court provided crucial clarity on the long-pending issue of Adjusted Gross Revenue (AGR) dues.

The development eased investor concerns over the telecom firm’s massive liabilities and lifted sentiment around the stock.