Mon Oct 27 10:20:00 UTC 2025: Vodafone Idea Stock Soars as Supreme Court Order Revives Hopes
Mumbai: Shares of Vodafone Idea (Vi) surged by as much as 10% on Monday after the Supreme Court allowed the Indian government to reassess the telecom operator’s adjusted gross revenue (AGR) dues. The stock reached its highest levels since September 2024, exceeding ₹10.5 per share.
The Supreme Court’s decision pertains to Vodafone Idea’s petition challenging the Department of Telecommunications’ (DoT) demand for an additional ₹9,450 crore in AGR dues. While the court acknowledged the government’s prerogative in deciding on any relief, the ruling is seen as a positive sign for the struggling telecom company, in which the government holds a 49% stake.
“The Supreme Court’s go-ahead for the government to restructure AGR dues marks a key turning point for Vodafone Idea,” said Harshal Dasani, Business Head, INVAsset PMS. He added that it signals a stronger policy intent and lowers the bankruptcy risk that has loomed over the company.
However, analysts caution that the company’s challenges are far from over. Despite the positive news, Vodafone Idea continues to grapple with significant AGR dues (over ₹76,000 crore), heavy debt, and a declining subscriber base. According to the latest TRAI data, the company lost 3.09 lakh mobile users in August.
“While the SC order is a booster for Vodafone Idea shareholders, the stock is not out of the woods,” noted Kranthi Bathini of Wealthmills Securities. He pointed to the company’s consistent subscriber losses and lack of growth in average revenue per user (ARPU) as continuing concerns.
Analysts suggest that the stock is suitable only for traders and investors with a high risk appetite, advising conservative portfolios to wait for concrete signs of balance sheet stabilization, subscriber rention and ARPU growth before making any investment decisions.
First Piper 