Vodafone Idea: After the results, now the company has made another big statement, the stock has gained momentum.

News Topical, Digital Desk : Vodafone Idea shares are seeing a sharp rise today. The company just released its quarterly results yesterday, which has led to a surge in the stock. In a conference call following the results, the company also made a significant statement regarding AGR, which the market has taken positively, and the stock continues to remain at higher levels. The company has stated that it is in further discussions with the Department of Telecommunications regarding its adjusted gross revenue (AGR) dues. Following the news, the stock remained near its day's highs.

The stock's performance was bullish on Tuesday, with the stock trading up 8% in the last half hour of trading. The stock's intraday high was 10.34, and it has consistently remained above the 10.25 mark. The stock is not far from its year's high. Last month, it reached an all-time high of 10.57. In mid-August, the stock had also fallen to 6.12. In a filing with the exchange on Monday, the company stated that its losses narrowed in the second quarter of FY2026. Vodafone Idea's losses fell to a nearly five-year low in the September quarter, although they remained over ₹5,500 crore. The telecom company's performance improved quarterly, with revenue increasing by more than 1% and operating margins remaining stable at around 42%. The company's average revenue per user (ARPU) also improved, increasing from ₹166 to ₹180 per user year-over-year. 

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