Vodafone Idea shares soar 14% in a month amid AGR relief hopes; time to buy now?
Vodafone Idea shares have surged 14% over the last one month, fuelled by rising optimism around potential relief in its adjusted gross revenue (AGR) dues. The rally has prompted several brokerages to turn positive on the stock, with global brokerage firm Citi assigning a target price of ₹14 per share, implying a potential upside of nearly 36% from its market price of ₹10.30.
Citi reiterated its “BUY” rating on Vodafone Idea following the Supreme Court’s recent order, which permits reassessment of the telecom operator’s AGR dues.
