Vodafone Idea Share: A big announcement is going to be made on September 26, the stock will be watched

News Topical, Digital Desk : The rise in Vodafone Idea Ltd. shares is largely due to the Supreme Court's hearing on September 26th regarding its AGR (Adjusted Gross Revenue) dues. The company has challenged the Department of Telecommunications' (DoT) demand for additional AGR of ₹9,450 crore, and investors are hoping for relief from the court. Meanwhile, global brokerage Citi has given the stock a "high-risk-buy" rating and set a target price of ₹10, further boosting investor enthusiasm. On Thursday morning, September 25th, the stock opened at ₹8.63, compared to a closing price of ₹8.59. Subsequently, the stock has surged 2%. The stock has been on a bullish trend since September 1st, rising from ₹6 to close at ₹9.

Why Vodafone Idea Shares Rise
Vodafone Idea Ltd (Vi) shares have seen a significant rise over the past few days. Even on Thursday, the stock was trading around ₹8.7-₹9, and investor interest remains high. There are several key reasons behind this:

1. Supreme Court Hearing:
Vodafone Idea has challenged the DoT's additional AGR demand of ₹9,450 crore in the Supreme Court. The case is scheduled to be heard on September 26th. Investors are hopeful that the court will provide relief to the company, which will ease its financial pressures and increase its future stability.

2. Positive Report from Citi:
Global brokerage house Citi has maintained a 'high-risk-buy' rating on Vodafone Idea. It has also set a target of ₹10 for the stock, which is approximately 12% above the current level. The brokerage says that if the company receives relief in the AGR case, it will directly impact its cash flow and balance sheet. 3. Signs of government support: The government has also shown a positive stance on the AGR issue. Reports suggest that the government is sensitive to the company's situation and may adopt a sympathetic approach regarding funding/relief. 4. Expectations of tariff hikes and subscriber growth: Experts believe that Vodafone Idea may increase tariffs in the future. Furthermore, if the company demonstrates improvement in its subscriber base, this could further boost its revenue. 5. Possibility of banking funding: After receiving AGR clearance, Vodafone Idea may receive new funding from banks. The company is already in discussions on this matter. This will enable it to expedite its network expansion and 5G rollout projects. Overall, the rise in Vodafone Idea shares is driven by potential relief from the AGR case, a positive report from Citi, signs of government support, a tariff hike, and potential funding. Investors are now focused on the Supreme Court hearing on September 26th, which could determine the company's future. 

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