Vodafone Idea (Vi) shares surged nearly 4 percent on December 2, gaining strong momentum in morning trade after Union Telecom Minister Jyotiraditya Scindia indicated that the government may finalise its AGR relief recommendations for the telecom operator in the coming weeks. The comment, made during an interview with CNBC-TV18, triggered fresh buying interest in the counter and helped the stock break its recent downtrend.
During Tuesday’s session, Vodafone Idea’s share price rose to ₹10.32, snapping a two-session losing streak. The stock had been under mild pressure in the previous days, but the minister’s update brought renewed optimism among investors anticipating clarity on the company’s long-pending relief package.
Speaking about the status of the relief package, Jyotiraditya Scindia said that the Department of Telecommunications (DoT) is still waiting for a formal request from Vodafone Idea before proceeding with any concrete recommendations. According to him, the government wants to act only after evaluating the company’s proposal in detail.
Scindia said,
“DoT is waiting for a formal request from Vodafone. Govt will make a recommendation after evaluating Vodafone Idea’s proposal.”
He also highlighted that the ministry is currently assessing the legal boundaries set by the Supreme Court judgment related to AGR dues.
The minister stated,
“Judgement needs to be evaluated from a point of view of what can be done and what cannot be done. We cannot cross the border of the SC judgement.”
His comments suggest that while the government is inclined to explore possible relief measures, any final decision must fall entirely within the court’s legal framework.
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In the interview, Scindia indicated that the government could complete its assessment and issue recommendations within a couple of weeks, suggesting that the contours of the AGR relief package may be announced by the end of 2025.
The minister’s timeline gave investors a clear indication that a policy decision for Vodafone Idea may be imminent, boosting market sentiment around the stock.
The recent rally is part of Vodafone Idea’s sharp recovery during the year. The stock has so far gained over 27 percent in 2025, indicating steady investor confidence amid ongoing restructurings and expected reforms.
In the past one month, the stock has climbed around 7 percent, and in the past six months, it has surged more than 45 percent. The biggest rebound came after the stock hit its 52-week low of ₹6.12 in August.
From those levels, Vodafone Idea staged a remarkable comeback, rising over 81 percent in just three months to hit a 52-week high of ₹11.08 in November. However, after touching this peak, the stock has retraced nearly 7 percent.
Even with this slight correction, the stock remains significantly above its August low, reflecting strong speculative interest, hopes of sector-specific tariff hikes, and now expectations of government-led AGR support.
The article does not provide additional details about the AGR package, and therefore, this report limits itself strictly to the information given:
The government may finalise recommendations in the coming weeks.
The decision will be based on Vodafone Idea’s proposal.
Legal boundaries of the Supreme Court judgment are being examined.
These points underline the significance of the AGR issue. The company’s share price movement shows investors are closely tracking any government action that could reduce financial pressure on the telecom operator.
The stock’s movement reflects how sensitive investor sentiment is to policy developments. A 4 percent jump intraday and the return to ₹10+ levels show that the market perceives the minister’s remarks as a positive signal.
The rally also broke the stock’s short-term weakness, as it managed to reverse a two-day losing streak immediately after the update.
Scindia’s comments act as the primary driver behind the stock’s upward momentum.
Key takeaways from his interview include:
DoT is awaiting a formal request from Vodafone Idea.
No relief measure can go beyond the legal limits set by the Supreme Court.
Assessment may be completed within weeks.
Recommendations may be announced by year-end.
These statements provided clarity on the government’s stance and timeline, helping the market gauge the next possible triggers for the stock.
The report includes a disclaimer stating that the views of market experts are their own and not those of the publishing platform. Readers are advised to consult certified advisors before making investment decisions.
Vodafone Idea’s nearly 4 percent rally on December 2 highlights the market’s anticipation of a potential AGR relief package. With Minister Scindia confirming that recommendations could be finalised by 2025-end, investors are hopeful that the next few weeks may bring critical clarity for the telecom operator.
As Vodafone Idea continues its journey from a 52-week low of ₹6.12 to a high of ₹11.08, all eyes remain on the government’s upcoming decisions — which could shape the company’s financial trajectory going forward.
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