Vodafone Idea share price surges 16% in two days on AGR relief hopes. How to trade?

Vodafone Idea share price zoomed 7.5% in intraday deals on Monday, August 25, taking its two-day gains to 16% amid reports of likely relief on the adjusted gross revenue (AGR) dues worth ₹83,400 crore.

Vodafone Idea share price rallied as much as 7.49% to the day’s high of ₹7.60 in intraday deals today. The stock had surged nearly 8% in intraday trade on Friday after a Mint report suggested that the Department of Telecommunications (DoT) has proposed “multiple relief options” to steady the debt-laden Vodafone Idea.