Vodafone Idea Shares Up Nearly 5% Amid Supreme Court AGR Plea & Govt Support; Citi Rates Stock 'High-Risk Buy'

Shares of Vodafone Idea Ltd. witnessed a sharp recovery on Tuesday with a notable surge of up to 5%. The stock rallied significantly, bouncing back strongly from earlier lows in the session. Interestingly, there was no specific immediate trigger identified to explain this sudden spike in the stock price. However, market watchers suggest that the movement may be linked to ongoing developments in the company's legal and financial situation.

Vodafone Idea Share Price Today

On September 23, 2025, shares of Vodafone Idea Ltd. were trading at Rs 8.97 as of 2:49 PM, reflecting an increase of Rs 0.35 or 4.84% for the day. The stock opened at Rs 8.39 and reached an intraday high of Rs 8.97, while the lowest price recorded was Rs 8.35.

Vodafone Idea currently has a market capitalization of approximately Rs 94,800 crore. The company's price-to-earnings (P/E) ratio and dividend yield are not available at this time. Over the past 52 weeks, the stock has traded between a low of Rs 6.12 and a high of Rs 11.94.

This recent surge marks the third occasion in the last four trading sessions that Vodafone Idea's shares have posted gains. Over the past 12 trading sessions, the stock has advanced in eight sessions, signaling a degree of renewed investor confidence after a period of volatility.

Supreme Court AGR Plea and Government's Position on Vodafone Idea Case

A key backdrop to this price movement is the ongoing legal battle related to Vodafone Idea's Adjusted Gross Revenue (AGR) dues. Last week, Vodafone Idea shares experienced a sharp uptick following news that the Supreme Court agreed to admit the company's petition concerning its AGR liabilities.

During the Supreme Court hearing on Friday, September 19, the government expressed no opposition to Vodafone Idea's plea, emphasizing the need for a practical solution, especially given its stake as an equity holder in the telecom company. The case is scheduled for further hearings on Friday, September 26.

Vodafone Idea AGR Due Dispute: Government Stake and Equity Conversion

Vodafone Idea's financial troubles led to the conversion of some of its AGR dues into equity, increasing the government's stake to 49%, making it the largest shareholder in the debt-laden telecom operator. This development has significant implications for the company's future governance and strategy.

Telecom Ministry officials, including Telecom Minister Jyotiraditya Scindia, have repeatedly clarified that the government does not intend to increase its stake beyond 49%, alleviating some investor concerns about potential nationalization.

Is it Good Time To Buy Vodafone Idea Share? Brokerage Views and Price Targets on Vi Stocks

On Monday, brokerage firm Citi rated Vodafone Idea shares as a "high-risk buy," assigning a price target of Rs 10 per share as per CNBC-TV18 report. Citi's analysts pointed to the Supreme Court's admission of Vodafone Idea's AGR plea and the government's supportive stance as positive signals that improve the chances of a favorable resolution for the company.

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