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Заголовок Vodafone Idea Share Price Today Live: Vodafone shares plummet, hit 52-week low
Дата 20240920

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Vodafone Idea Share Price Today Live: Vodafone shares plummet, hit 52-week low

Vodafone Idea Share Price Today Live: Vodafone shares plummet, hit 52-week low

Updated - September 20, 2024 at 10:23 AM.

Vodafone Idea Stocks, Vodafone Idea Share Price Today Live Updates September
20, 2024: Vodafone shares in focus as it continues bearish trend for the
second day. The stock fell close to 20% on Thursday.

By Team BL

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FILE PHOTO: A man walks across the LED display board showing the logo of
Vodafone-Idea at the India Mobile Congress 2022, at Pragati Maidan, in New
Delhi• Индия » Населенные пункты Индии » Города Индии » Нью-Дели
, India, October 3, 2022. REUTERS/Anushree Fadnavis/File Photo | Photo
Credit: ANUSHREE FADNAVIS

Vodafone Idea Stocks , Vodafone Idea Share Price Today Live Updates September
20, 2024: Vodafone shares in focus. Analysts predicted that the Supreme
Court’s decision to reject the curative petitions on adjusted gross revenue
(AGR) could hit Vodafone Idea with a financial crisis• Финансовый кризис in the second half of
next year, when annual spectrum and AGR payments to Government of $4-5 billion
per annum become due.

Vodafone Idea stock in focus: Stock outlook as at 10.20 am

Vodafone shares hit a new low on Friday’s early trade at ₹9.79 on the NSE.

Currently trades at ₹9.88, lower by 4.82%.

ALL UPDATES

September 20, 2024 10:21

Vi could face another financial crisis• Финансовый кризис next year as SC rejects curative
petitions on AGR

The Supreme Court’s decision to reject the curative petitions on adjusted
gross revenue (AGR) could hit Vodafone Idea with a financial crisis• Финансовый кризис in the
second half of next year, when annual spectrum and AGR payments to government
of $4-5 billion per annum become due, according to analysts.

Tariff outlook has been improving, but without AGR concessions, it would take
at least 25-30 years (15 per cent ARPU Cagr) for Vi to organically pay back
its obligations, and as such, further repayment timeline extensions are
required. In our base case, we continue to see market-share erosion and
meaningful equity dilution risk,” said a research report from Macquarie.

“Given VI’s still-unresolved fundamental balance sheet and cash flow
challenges, our base case with 50 per cent probability remains a ‘VI
chug-along scenario’ with steady market-share erosion to Jio and Bharti,” it
added.

Read more

September 20, 2024 10:20

Vodafone shares in focus: Vodafone shares slumped on Thursday’s trade: PTI

Shares of Vodafone Idea and Indus Towers tumbled on Thursday as in a jolt to
telecom firms, the Supreme Court dismissed a batch of pleas filed by these
companies, seeking correction of alleged errors in the adjusted gross revenue.

The stock of Vodafone Idea slumped 19.60 per cent to settle at Rs 10.38 on the
BSE. During the day, it dropped 22.15 per cent to hit a 52-week low of Rs
10.05.

Shares of Indus Towers tanked 8.86 per cent to Rs 389.65. Intra-day, the stock
plummeted 14.32 per cent to Rs 366.30.

Bharti Airtel, however, ended 0.75 per cent higher at Rs 1,665.05 after
falling 0.36 per cent to Rs 1,646.65 in intra-day.

A bench comprising Chief Justice D Y Chandrachud and Justices Sanjiv Khanna
and B R Gavai also rejected the plea of telcos seeking to list the curative
petitions for open court hearing.

A curative petition is the last legal recourse in the apex court and is
generally considered in-chamber unless a prima facie case is made out for
reconsideration of the verdict.

On October 9 last year, the top court had taken note of submissions of some
telecommunication companies seeking listing of their pleas on Adjusted Gross
Revenue (AGR) due issue.

The telcos had referred to alleged errors in the arithmetic calculation for
arriving at the AGR-related dues by the Department of Telecommunications
(DoT).

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Published on September 20, 2024

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