Vodafone Idea Extends Rally, Stock Up 4.29% as AGR Relief Hopes Grow

Mumbai, September 23, 2025 — Vodafone Idea Ltd (NSE: IDEA) continued its two-session rally, closing up 4.29% on Tuesday. The surge comes after the renewed optimism of a resolution of the telco firm’s Adjusted Gross Revenue (AGR) dues case, following the government’s suggestion in front of the Supreme Court last week that “some solution is required” since it has a 49% stake in the telco.

Market Snapshot

Vodafone Idea shares closed at ₹8.75 on September 23, 2025, a 4.29% increase. Vodafone Idea Ltd began trading in the day at ₹8.39, ranging between ₹8.35 and ₹8.97 throughout the day. The market capitalisation of the company is ₹94,470 crore. The stock’s 52-week high is ₹11.94 and its 52-week low is ₹6.12.

AGR Case Driving Sentiment

On September 19, Vodafone Idea’s share surged 10% intraday following the Centre’s statement to the Supreme Court that it didn’t have any objections to the firm’s plea against the ₹9,450 crore AGR demand due to issues of reconciliation and overlapping in dues.

The supreme court postponed the hearing to September 26, the key date for the telco as the lenders are waiting for clarity before disbursement of funds. Vodafone Idea has stood its ground that only ₹2,774 crore pertains to the merged entity, while the rest comes from legacy dues.

Outlook

With the shares already higher by almost 11% in just two sessions, market observers anticipate the AGR case verdict as the near-term catalyst for further action. A positive verdict may make it easier for fundraising efforts, and Vodafone Idea will be able to accelerate its 4G buildout and gear up for 5G launches.

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