Vodafone Idea Share Price Today; Rally Continues on Government AGR Moratorium Report: Should You Buy Vi Stock?

Shares of Vodafone Idea Ltd., the debt-laden telecom operator, witnessed a volatile session on Monday. Early gains lifted sentiment in the market. However, the stock slipped into negative territory during mid-morning trade after its initial surge.

The movement followed reports that the government is likely to offer an interest-free moratorium of four to five years on over Rs 83,000 crore of the company's pending Adjusted Gross Revenue (AGR) dues. This potential relief is expected to provide immediate liquidity support to the cash-strapped telecom operator.

Vodafone Idea Share Price Today

Shares of Vodafone Idea Ltd on National Stock Exchange (NSE) were trading at Rs 11.52 on Monday, 15 December, as of 12:45 pm, down Rs 0.12 or 1.03% from the previous close. The stock opened the day at Rs 11.85 and touched an intra-day high of Rs 12.03 and a low of Rs 11.50.

Over the past 52 weeks, Vodafone Idea has recorded a high of Rs 12.03 and a low of Rs 6.12.

Vodafone Shares Hit 15-Month High on Relief Hopes

Vodafone Idea shares climbed to a 15-month high during Monday's trade as investors reacted positively to reports of a possible moratorium and a reassessment of AGR liabilities. Combined volumes on the NSE and BSE were substantial, with nearly 423 million shares changing hands.

The sharp rise in the share price extended Vodafone Idea's winning streak to three consecutive sessions, delivering around 12 per cent gains over this period. Investors are optimistic that a reduction or deferral of AGR dues could ease cash flow pressures and support the company's planned capital raise.

Government Relief Buzz Lifts Market Sentiment

Media reports citing unnamed officials suggest that the government is considering a four- to five-year interest-free moratorium on Vodafone Idea's outstanding AGR dues. Following this period, the arrears would reportedly be cleared in six instalments. A reassessment of the liabilities could potentially reduce the overall burden by nearly 50 per cent, giving immediate relief to the company.

The positive sentiment is also backed by recent legal developments. Last month, the Supreme Court allowed the Centre to design a special relief package for Vodafone Idea covering its full AGR obligations. Market participants view clarity on this package as a potential catalyst that could unlock the company's ability to raise fresh funds, including the proposed Rs 25,000 crore capital infusion the management has been pursuing.

Should You Buy, Hold or Sell Vodafone Idea Stock?

Despite the rally, brokerages remain cautious about the stock's near-term outlook. Motilal Oswal Financial Services noted that even with a possible 50 per cent waiver on AGR liabilities, Vodafone Idea would still require supportive repayment schedules for both AGR and spectrum dues.

The brokerage also emphasized the importance of meaningful tariff hikes and a softer competitive environment, factors largely outside the company's control.

JM Financial Institutional Securities highlighted that industry ARPU (average revenue per user) could rise at a 12 per cent CAGR over FY25-28, supporting a '3+1' market structure and gradually improving sector profitability, which could indirectly benefit Vodafone Idea shares.

However, analysts also cautioned that the stock is already trading above their Rs 11.5 target price, suggesting limited near-term upside despite the sharp, relief-driven rally.

Disclaimer

The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.