Thu Sep 19 14:09:44 UTC 2024: ## Vodafone Idea Shares Plunge After AGR Ruling, Experts Offer Diverging Views

**New Delhi:** Shares of Vodafone Idea Ltd (VIL) plummeted by nearly 20% on Thursday after the Supreme Court dismissed the company’s petition to re-compute its adjusted gross revenue (AGR) dues. This decision has left analysts divided on the future of the struggling telecom giant.

While some experts, like Kush Ghodasara, see this as an opportunity for high-risk investors to enter the market, citing the government’s significant stake as a potential safeguard against VIL exiting the telecom sector, others advise caution.

Akshay Bhagwat of JM Financial Services recommends an exit strategy, stating that the stock appears weak on daily charts and may face further downside in the near term. Other analysts like Osho Krishan of Angel One and Ravi Singh of Religare Broking echoed similar concerns, suggesting potential dips towards the Rs 8 level and resistance at Rs 12.

The Supreme Court’s ruling has further amplified the financial pressure on VIL, which has already reported an AGR liability of Rs 70,300 crore, including accumulated interest. The operator’s self-assessed liability was significantly lower at Rs 35,400 crore.

Despite the current turmoil, Ghodasara remains optimistic, suggesting that VIL’s survival is likely due to the government’s stake, though the recovery process will be lengthy. He advises investors to consider entry at current levels only with a very high-risk appetite and a strict stop loss of Rs 8.

However, the majority of analysts are urging investors to exercise caution and potentially exit their VIL holdings given the uncertain future of the company.

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