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Vodafone Idea shares fell over 11% despite AGR relief package approval, Cabinet approved 5-year moratorium, freezing AGR dues worth Rs 87,695 crore., Shares dropped as no waiver was announced, only a rescheduling of payments

* Vodafone Idea shares fell over 11% despite AGR relief package approval
* Cabinet approved 5-year moratorium, freezing AGR dues worth Rs 87,695 crore.
* Shares dropped as no waiver was announced, only a rescheduling of payments

Vodafone Idea shares fell over 11% on December 31 despite the Union Cabinet approving a 5-year AGR dues moratorium. Investors were disappointed by the lack of a waiver, leading to the drop, even as the government became the largest shareholder earlier this year.

shorts/business/vodafone-idea-agr-dues-here-s-why-telco-s-shares-fell-11-despite-likely-relief-from-cabinet

* Vodafone Idea shares fell over 11% despite AGR relief package approval
* Cabinet approved 5-year moratorium, freezing AGR dues worth Rs 87,695 crore.
* Shares dropped as no waiver was announced, only a rescheduling of payments

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8">Vodafone Idea</a> (Vi) dropped more than 11 percent on December 31, ending the session and the year 2025 in the red. This came despite the Union Cabinet approving an AGR relief package for the telecom giant.

The AGR relief package was expected to have acted as a positive for the shares of Vodafone Idea, which saw a significant surge recently amid these expectations. However, the shares sharply declined after the news reports of Cabinet’s approval emerged.
<h3><strong>Cabinet likely approves Vodafone Idea's AGR relief package:</strong></h3>
The Union Cabinet has approved an adjusted gross revenue (AGR) relief package for Vodafone Idea, sources told <em><a href="https://www.moneycontrol.com/news/business/vodafone-agr-dues-cabinet-likely-to-have-approved-relief-telco-gets-5-year-moratorium-reports-cnbc-awaaz-13751005.html">Moneycontrol</a></em>. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, they added.

A DoT committee will be formed to give relief to the telco by recalculating and revaluating the AGR dues, including considering interest and penalty reversal if any, the government sources said, adding that the committee may reassess the frozen AGR dues based on audit reports.

The Cabinet approved the freezing of Vodafone Idea's AGR dues worth Rs 87,695 crore, whose payment is now being rescheduled to FY32-FY41, they added. AGR dues of FY18 and FY19 shall be payable by the company over the next five years, the sources said.
<h3><strong>Why Vodafone Idea shares fell?</strong></h3>
Despite the approval which was expected to act as a positive for the stock, Vodafone Idea shares may have fallen due to no announcement on a possible waiver, as requested by the telco.

"The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened," said Vinit Bolinjkar, head of research at Ventura Securities.

Vodafone Idea has been struggling with dues. The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
<h3><strong>Vodafone Idea share price:</strong></h3>
Vodafone Idea shares have <a href="https://www.moneycontrol.com/news/business/markets/vodafone-idea-shares-tumble-20-from-day-s-high-after-telco-likely-got-5-year-moratorium-on-rs-87-695-crore-agr-dues-13751105.html">fallen around 12 percent</a> in the past five days, but gained over 7 percent in the past one month to close at Rs 10.67 apiece on December 31. The stock gained around 44 percent in the past six months.

The shares of the telecom major rose more than 33 percent in 2025.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

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Vodafone Idea AGR dues: Here's why telco's shares fell 11% despite likely relief from Cabinet

The shares of Vodafone Idea (Vi) dropped more than 11 percent on December 31, ending the session and the year 2025 in the red. This came despite the Union Cabinet approving an AGR relief package for the telecom giant.

The AGR relief package was expected to have acted as a positive for the shares of Vodafone Idea, which saw a significant surge recently amid these expectations. However, the shares sharply declined after the news reports of Cabinet’s approval emerged.
Cabinet likely approves Vodafone Idea's AGR relief package:
The Union Cabinet has approved an adjusted gross revenue (AGR) relief package for Vodafone Idea, sources told Moneycontrol. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, they added.

A DoT committee will be formed to give relief to the telco by recalculating and revaluating the AGR dues, including considering interest and penalty reversal if any, the government sources said, adding that the committee may reassess the frozen AGR dues based on audit reports.

The Cabinet approved the freezing of Vodafone Idea's AGR dues worth Rs 87,695 crore, whose payment is now being rescheduled to FY32-FY41, they added. AGR dues of FY18 and FY19 shall be payable by the company over the next five years, the sources said.
Why Vodafone Idea shares fell?
Despite the approval which was expected to act as a positive for the stock, Vodafone Idea shares may have fallen due to no announcement on a possible waiver, as requested by the telco.

&quot;The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened,&quot; said Vinit Bolinjkar, head of research at Ventura Securities.

Vodafone Idea has been struggling with dues. The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
Vodafone Idea share price:
Vodafone Idea shares have fallen around 12 percent in the past five days, but gained over 7 percent in the past one month to close at Rs 10.67 apiece on December 31. The stock gained around 44 percent in the past six months.

The shares of the telecom major rose more than 33 percent in 2025.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Vodafone Idea shares dropped 11.5% after Cabinet's AGR relief approval reports., Cabinet approved 5-year moratorium on Vodafone Idea's AGR dues of Rs 87,695 crore, Shares fell as investors anticipated a waiver but only received a moratorium.

* Vodafone Idea shares dropped 11.5% after Cabinet's AGR relief approval reports.
* Cabinet approved 5-year moratorium on Vodafone Idea's AGR dues of Rs 87,695 crore
* Shares fell as investors anticipated a waiver but only received a moratorium.

Vodafone Idea shares fell over 11.5% after reports of Cabinet approval for an AGR relief package with a 5-year moratorium, but no waiver. Investors expected more, causing the drop. The government now holds nearly 49% stake in the debt-laden telco.

shorts/business/vodafone-idea-shares-tumble-20-from-day-s-high-after-telco-likely-got-5-year-moratorium-on-rs-87-695-crore-agr-dues

* Vodafone Idea shares dropped 11.5% after Cabinet's AGR relief approval reports.
* Cabinet approved 5-year moratorium on Vodafone Idea's AGR dues of Rs 87,695 crore
* Shares fell as investors anticipated a waiver but only received a moratorium.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8">Vodafone Idea</a> tumbled over 11.5 percent after media reports claimed that the Union Cabinet has approved an adjusted gross revenue (AGR) relief package for the telecom giant.

Earlier during the day, the shares of the company dropped 15 percent to hit an intraday low of Rs 10.25 apiece. This came after the stock jumped more than 6 percent to hit a fresh 52-week high of Rs 12.8 apiece.

The shares of the company ended the session and the year at Rs 10.67 apiece.
<h3><strong>Cabinet reportedly approves AGR relief package:</strong></h3>
The Union Cabinet has <a href="https://www.moneycontrol.com/news/business/vodafone-agr-dues-cabinet-likely-to-have-approved-relief-telco-gets-5-year-moratorium-reports-cnbc-awaaz-13751005.html">approved an adjusted gross revenue (AGR) relief package</a> for Vodafone Idea, sources told <em>Moneycontrol</em>. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, they added.

A DoT committee will be formed to give relief to the telco by recalculating and revaluating the AGR dues, including considering interest and penalty reversal if any, the government sources said.

The Cabinet has approved the freezing of Vodafone Idea's AGR dues worth Rs 87,695 crore, whose payment is now being rescheduled to FY32-FY41, they added. AGR dues of FY18 and FY19 shall be payable by the company over the next five years, the sources said.

The frozen AGR dues may be reassessed by DoT based on audit reports, the people familiar with the matter said.
<h3><strong>Vodafone Idea dues:</strong></h3>
Vodafone Idea has been struggling with dues. The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
<h3><strong>Why are Vodafone Idea shares falling?</strong></h3>
The AGR relief package was expected to have acted as a positive for the shares of Vodafone Idea, which has seen a significant surge recently amid these expectations. However, the shares sharply declined after the news reports of Cabinet’s approval emerged.

"The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened," said Vinit Bolinjkar, head of research at Ventura Securities.
<h3><strong>Vodafone Idea share price:</strong></h3>
Vodafone Idea shares have fallen around 12 percent in the past five days, but gained over 7 percent in the past one month. The stock gained around 44 percent in the past six months.

The shares of the telecom major rose more than 33 percent in 2025.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-fall-liveblog-13749935.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Vodafone Idea shares drop 11% after telco likely got 5-year moratorium on Rs 87,695-crore AGR dues

Vodafone Idea share price drops 11% after telco likely got 5-year moratorium on Rs 87,695-crore AGR dues

The shares of Vodafone Idea tumbled over 11.5 percent after media reports claimed that the Union Cabinet has approved an adjusted gross revenue (AGR) relief package for the telecom giant.

Earlier during the day, the shares of the company dropped 15 percent to hit an intraday low of Rs 10.25 apiece. This came after the stock jumped more than 6 percent to hit a fresh 52-week high of Rs 12.8 apiece.

The shares of the company ended the session and the year at Rs 10.67 apiece.
Cabinet reportedly approves AGR relief package:
The Union Cabinet has approved an adjusted gross revenue (AGR) relief package for Vodafone Idea, sources told Moneycontrol. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, they added.

A DoT committee will be formed to give relief to the telco by recalculating and revaluating the AGR dues, including considering interest and penalty reversal if any, the government sources said.

The Cabinet has approved the freezing of Vodafone Idea's AGR dues worth Rs 87,695 crore, whose payment is now being rescheduled to FY32-FY41, they added. AGR dues of FY18 and FY19 shall be payable by the company over the next five years, the sources said.

The frozen AGR dues may be reassessed by DoT based on audit reports, the people familiar with the matter said.
Vodafone Idea dues:
Vodafone Idea has been struggling with dues. The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
Why are Vodafone Idea shares falling?
The AGR relief package was expected to have acted as a positive for the shares of Vodafone Idea, which has seen a significant surge recently amid these expectations. However, the shares sharply declined after the news reports of Cabinet’s approval emerged.

&quot;The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened,&quot; said Vinit Bolinjkar, head of research at Ventura Securities.
Vodafone Idea share price:
Vodafone Idea shares have fallen around 12 percent in the past five days, but gained over 7 percent in the past one month. The stock gained around 44 percent in the past six months.

The shares of the telecom major rose more than 33 percent in 2025.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks, Steel Authority of India rose 5% after safeguard duty on certain steel imports., Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

* Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks
* Steel Authority of India rose 5% after safeguard duty on certain steel imports.
* Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

Mid- and small-cap indices outperformed benchmarks, rising up to 1% as broad-based buying ended recent losing streaks. Gains were led by steel and energy stocks after a new safeguard duty on steel imports boosted expectations for domestic producers.

shorts/business/mid-smallcap-indies-outperform-benchmarks-rise-up-to-1pc-hindustan-petroleum-ircon-pcbl-rise-up-to-7pc

* Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks
* Steel Authority of India rose 5% after safeguard duty on certain steel imports.
* Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

The mid-, small-cap segment outperformed the benchmark indices on Wednesday, rising up to 1 percent amid broad-based buying in the final session of the calendar year 2025.

The Nifty Midcap 100 index snapped its four-session losing streak to gain up to 1 percent. The index had declined about 1.5 percent in the previous four sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-large/steelauthorityindia/SAI" target="_blank">Steel Authority of India</a> led the gains in the midcap space, rising over 5 percent after the government announced a three-year safeguard duty of up to 12 percent on select steel imports, <a href="https://www.moneycontrol.com/news/business/stocks/steel-stocks-rally-tata-steel-jsw-steel-jindal-steel-gain-2-3-after-safeguard-duty-lifts-sentiment-13750114.html" target="_blank">raising expectations of better pricing support for domestic producers</a>.

Hindustan Petroleum Corporation and Oil India followed, rising 4.58 percent and 3.93 percent, respectively, around noon.

Godfrey Phillips India, Coromandel International, Indian Bank and Indian Renewable Energy Development Agency were among other gainers in the midcap segment, advancing up to 3 percent.

Ajit Mishra – SVP, Research at Religare Broking, said "This is the continuation of the rebound which we have been seeing in recent weeks, however, sustainability would be key, citing the similar rebounds have fizzled out in the past, especially in the small-cap space."

The Nifty Smallcap 100 index also snapped a three-day losing streak to recover all its losses and rise up to 1 percent, after declining over 1 percent in the previous three sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/carbon-black/pcblchemical/PCB01" target="_blank">PCBL Chemical</a> led the smallcap gains, rising about 7 percent.

Other smallcap gainers included IFCI, Deepak Fertilisers and Petrochemicals Corporation, Mangalore Refinery and Petrochemicals, and NCC, which rose up to 6 percent.

The broader market outperformed the benchmarks as the Sensex and Nifty rebounded on Wednesday, snapping their recent losing streaks, with buying interest seen in metal stocks following the government’s decision to impose a three-year safeguard duty on select steel imports.

The Sensex climbed 384.45 points, or 0.45 percent to 85,059.53, while the Nifty rose 139.20 points, or 0.54 percent to 26,078.05 around noon, after five days of decline.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Mid-, small-cap indices outperform benchmarks, rise up to 1%; HPCL, Ircon, PCBL rise up to 7%

The mid-, small-cap segment outperformed the benchmark indices on Wednesday, rising up to 1 percent amid broad-based buying in the final session of the calendar year 2025.

The Nifty Midcap 100 index snapped its four-session losing streak to gain up to 1 percent. The index had declined about 1.5 percent in the previous four sessions.

Steel Authority of India led the gains in the midcap space, rising over 5 percent after the government announced a three-year safeguard duty of up to 12 percent on select steel imports, raising expectations of better pricing support for domestic producers.

Hindustan Petroleum Corporation and Oil India followed, rising 4.58 percent and 3.93 percent, respectively, around noon.

Godfrey Phillips India, Coromandel International, Indian Bank and Indian Renewable Energy Development Agency were among other gainers in the midcap segment, advancing up to 3 percent.

Ajit Mishra – SVP, Research at Religare Broking, said &quot;This is the continuation of the rebound which we have been seeing in recent weeks, however, sustainability would be key, citing the similar rebounds have fizzled out in the past, especially in the small-cap space.&quot;

The Nifty Smallcap 100 index also snapped a three-day losing streak to recover all its losses and rise up to 1 percent, after declining over 1 percent in the previous three sessions.

PCBL Chemical led the smallcap gains, rising about 7 percent.

Other smallcap gainers included IFCI, Deepak Fertilisers and Petrochemicals Corporation, Mangalore Refinery and Petrochemicals, and NCC, which rose up to 6 percent.

The broader market outperformed the benchmarks as the Sensex and Nifty rebounded on Wednesday, snapping their recent losing streaks, with buying interest seen in metal stocks following the government’s decision to impose a three-year safeguard duty on select steel imports.

The Sensex climbed 384.45 points, or 0.45 percent to 85,059.53, while the Nifty rose 139.20 points, or 0.54 percent to 26,078.05 around noon, after five days of decline.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Vodafone Idea shares reach 52-week high on hopes of government AGR relief, Cabinet may consider partial waiver of Vi's AGR dues, interest, and penalties, Vi's stock has doubled since August, gaining 25% in the past month

* Vodafone Idea shares reach 52-week high on hopes of government AGR relief
* Cabinet may consider partial waiver of Vi's AGR dues, interest, and penalties
* Vi's stock has doubled since August, gaining 25% in the past month

Vodafone Idea shares hit a 52-week high amid expectations of government AGR relief, possibly including waivers on interest and penalties. The debt-laden telco, with Rs 83,400 crore in dues, may get major relief as the Cabinet considers a support package.

shorts/business/vodafone-idea-shares-hit-52-week-high-on-likely-govt-relief-on-agr-dues-today

* Vodafone Idea shares reach 52-week high on hopes of government AGR relief
* Cabinet may consider partial waiver of Vi's AGR dues, interest, and penalties
* Vi's stock has doubled since August, gaining 25% in the past month

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8">Vodafone Idea</a> (Vi) jumped nearly 4 percent to hit a record high on December 31 amid rising expectations of the government announcing an AGR relief for the telecom major today.

The shares of the company hit a fresh 52-week high of Rs 12.50 apiece on December 31.
<h3><strong>Vodafone Idea AGR relief today?</strong></h3>
The Union Cabinet is expected to meet at 3 pm today to consider Vodafone Idea's AGR relief matter, several media reports claimed. The government is likely to consider a partial waiver of interest, penalties and interest on penalties that make the majority of the telco's adjusted gross revenue (AGR) dues, CLSA had earlier said.

"The government is working on reassessment of Vodafone Idea's AGR dues and reportedly a relief package will likely be announced by year-end. Vi’s aggregate AGR dues stood at an estimated ~780bn/US$8.7bn in Q2FY26. We believe the government will likely consider waiver of interest (at least in part) and penalties and interest on penalties that make up a bulk of the AGR dues," the brokerage has said. The relief on the long pending AGR dues could provide Vi will relief of $8 billion, it added.

Vodafone Idea has been <a href="https://www.moneycontrol.com/news/business/markets/vodafone-idea-shares-jump-4-as-arm-raises-rs-3-300-crore-via-ncds-13733907.html">struggling with dues</a>, owing about Rs 83,400 crore in adjusted gross revenue (AGR) dues, with annual payments of nearly Rs 18,000 crore scheduled from March 2025

The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
<h3><strong>Vodafone Idea share price history:</strong></h3>
After hitting a 52-week low of Rs 6.12 per share in August this year, the stock rapidly more than doubled in four months hit the fresh 52-week high of Rs 12.36 apiece today. The stock has gained around 25 percent in the past one month, and over 66 percent in the past six months.

The company currently has a market capitalization of nearly Rs 1.34 lakh crore.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-fall-liveblog-13749935.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Vodafone Idea shares jump 4% to fresh 52-week high on likely govt relief on AGR dues today

The shares of Vodafone Idea (Vi) jumped nearly 4 percent to hit a record high on December 31 amid rising expectations of the government announcing an AGR relief for the telecom major today.

The shares of the company hit a fresh 52-week high of Rs 12.50 apiece on December 31.
Vodafone Idea AGR relief today?
The Union Cabinet is expected to meet at 3 pm today to consider Vodafone Idea's AGR relief matter, several media reports claimed. The government is likely to consider a partial waiver of interest, penalties and interest on penalties that make the majority of the telco's adjusted gross revenue (AGR) dues, CLSA had earlier said.

&quot;The government is working on reassessment of Vodafone Idea's AGR dues and reportedly a relief package will likely be announced by year-end. Vi’s aggregate AGR dues stood at an estimated ~780bn/US$8.7bn in Q2FY26. We believe the government will likely consider waiver of interest (at least in part) and penalties and interest on penalties that make up a bulk of the AGR dues,&quot; the brokerage has said. The relief on the long pending AGR dues could provide Vi will relief of $8 billion, it added.

Vodafone Idea has been struggling with dues, owing about Rs 83,400 crore in adjusted gross revenue (AGR) dues, with annual payments of nearly Rs 18,000 crore scheduled from March 2025

The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
Vodafone Idea share price history:
After hitting a 52-week low of Rs 6.12 per share in August this year, the stock rapidly more than doubled in four months hit the fresh 52-week high of Rs 12.36 apiece today. The stock has gained around 25 percent in the past one month, and over 66 percent in the past six months.

The company currently has a market capitalization of nearly Rs 1.34 lakh crore.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

MCX shares rose 3% after Morgan Stanley upgraded its rating and target price., Morgan Stanley raised MCX's target price by 66% to Rs 11,135 per share, MCX shares have surged over 77% in 2025 so far

* MCX shares rose 3% after Morgan Stanley upgraded its rating and target price.
* Morgan Stanley raised MCX's target price by 66% to Rs 11,135 per share
* MCX shares have surged over 77% in 2025 so far

MCX shares rose 3% after Morgan Stanley upgraded its rating and raised the target price by 66% to Rs 11,135, citing higher transaction revenues. This gain came despite a sharp fall in gold and silver futures. MCX shares are up 77% in 2025 so far.

shorts/business/mcx-rises-3-as-morgan-stanley-upgrades-stock-hikes-target-price-by-66-here-s-why

* MCX shares rose 3% after Morgan Stanley upgraded its rating and target price.
* Morgan Stanley raised MCX's target price by 66% to Rs 11,135 per share
* MCX shares have surged over 77% in 2025 so far

The shares of Multi Commodity Exchange of India (<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/multicommodityexchangeindia/MCE">MCX</a>) jumped around 3 percent on December 31 after Morgan Stanley upgraded its rating on the stock, and hiked its target price by as much as 66 percent.

The shares of the company rose to Rs 11,198 apiece in the morning trading hours of Wednesday, snapping a two-day losing streak. This comes despite gold and silver futures tumbling today.
<h3><strong>Morgan Stanley on MCX:</strong></h3>
Morgan Stanley issued a bullish note for the shares of MCX, upgrading its rating for the stock to 'Equal-weight' and raised its target price to Rs 11,135 per share from Rs 6,710 per share. The latest target price implies an upside potential of more than 2 percent from the stock’s previous closing price of Rs 10,889 per share.

The international brokerage said that the average daily transaction revenue has surged in the past three months due to the sharp surge in commodities. It raised estimates materially and sees potential further upside opportunities if transaction volumes are sustained.

Morgan Stanley also raised EPS forecasts by 15 percent for FY26, 20 percent for FY27, and 24 percent for FY28. At the current prices, the stock trades at around 50 times FY27 estimated EPS and 47.5 times FY28 estimated earnings.
<h3><strong>Gold, silver futures tumble:</strong></h3>
MCX shares are rising today despite the sharp fall in silver and gold futures. Silver futures with March expiry on the Multi Commodity Exchange of India (MCX) dropped more than 7 percent to Rs 2,32,228 per kilogram. The future contracts with May expiry meanwhile fell around 8 percent to Rs 2,35,512 per kilogram.

Gold futures with February expiry meanwhile fell more than 1 percent to Rs 1,35,155 per 10 grams.

The sharp fall may have been driven by profit-booking after the sharp rally. Additionally, hopes for the US-brokered peace deal between Russia and Ukraine reaching a conclusion, which in turn will significantly ease global geopolitical tensions, also may have affected the safe-haven assets.
<h3><strong>MCX share price history:</strong></h3>
MCX shares have gained more than 9 percent in the past one month, and around 25 percent in the past six months. The stock has surged over 77 percent in 2025 so far.

The company currently has a market capitalisation of more than Rs 56,800 crore.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-fall-liveblog-13749935.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

MCX rises 3% as Morgan Stanley upgrades stock, hikes target price by 66%: Here's why

The shares of Multi Commodity Exchange of India (MCX) jumped around 3 percent on December 31 after Morgan Stanley upgraded its rating on the stock, and hiked its target price by as much as 66 percent.

The shares of the company rose to Rs 11,198 apiece in the morning trading hours of Wednesday, snapping a two-day losing streak. This comes despite gold and silver futures tumbling today.
Morgan Stanley on MCX:
Morgan Stanley issued a bullish note for the shares of MCX, upgrading its rating for the stock to 'Equal-weight' and raised its target price to Rs 11,135 per share from Rs 6,710 per share. The latest target price implies an upside potential of more than 2 percent from the stock’s previous closing price of Rs 10,889 per share.

The international brokerage said that the average daily transaction revenue has surged in the past three months due to the sharp surge in commodities. It raised estimates materially and sees potential further upside opportunities if transaction volumes are sustained.

Morgan Stanley also raised EPS forecasts by 15 percent for FY26, 20 percent for FY27, and 24 percent for FY28. At the current prices, the stock trades at around 50 times FY27 estimated EPS and 47.5 times FY28 estimated earnings.
Gold, silver futures tumble:
MCX shares are rising today despite the sharp fall in silver and gold futures. Silver futures with March expiry on the Multi Commodity Exchange of India (MCX) dropped more than 7 percent to Rs 2,32,228 per kilogram. The future contracts with May expiry meanwhile fell around 8 percent to Rs 2,35,512 per kilogram.

Gold futures with February expiry meanwhile fell more than 1 percent to Rs 1,35,155 per 10 grams.

The sharp fall may have been driven by profit-booking after the sharp rally. Additionally, hopes for the US-brokered peace deal between Russia and Ukraine reaching a conclusion, which in turn will significantly ease global geopolitical tensions, also may have affected the safe-haven assets.
MCX share price history:
MCX shares have gained more than 9 percent in the past one month, and around 25 percent in the past six months. The stock has surged over 77 percent in 2025 so far.

The company currently has a market capitalisation of more than Rs 56,800 crore.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Vodafone Idea AGR dues: Here's why telco's shares fell 11% despite likely relief from Cabinet

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Vodafone Idea shares jump 4% to fresh 52-week high on likely govt relief on AGR dues today

MCX rises 3% as Morgan Stanley upgrades stock, hikes target price by 66%: Here's why

Auto Ancillaries - Brakes Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Brakes industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Vodafone Idea AGR dues: Here's why telco's shares fell 11% despite likely relief from Cabinet

Vodafone Idea shares drop 11% after telco likely got 5-year moratorium on Rs 87,695-crore AGR dues

Mid-, small-cap indices outperform benchmarks, rise up to 1%; HPCL, Ircon, PCBL rise up to 7%

Vodafone Idea shares jump 4% to fresh 52-week high on likely govt relief on AGR dues today

MCX rises 3% as Morgan Stanley upgrades stock, hikes target price by 66%: Here's why

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Check latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Brakes industry stocks.