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Should You Sell Or Hold Vodafone Idea After SC Order?
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#vodafoneidea #dailycalls #supremecourtruling #telecomsector #VodafoneShares #stockmarket
Shares of Vodafone Idea Ltd fell up to 15 per cent in Thursday's trade after the Supreme Court reportedly dismissed its plea to re-compute adjusted gross revenue (AGR) dues. Vodafone Idea earlier reported an AGR liability of about Rs 70,300 crore, including accumulated interest. VIL’s self-assessed AGR liability was 50 per cent lower at Rs 35,400 crore. Vodafone Idea and other telecom firms had filed a curative petition for reassessment of the amount and a reduction or waiver of the penalty with the Supreme Court. The apex earlier heard this petition on August 30. Now the ruling is out. Vodafone Idea shares were locked at 15 per cent lower circuit limit of Rs 10.98 on BSE. The stock recently got under pressure after global brokerage Goldman Sachs suggested a target of Rs 2.50 per share. Catch Sakshi Batra in conversation with Akshay Bhagwat discussing the trading strategy for Vodafone shares. Listen in
#TelecomDues #goldmansachs #tradingstrategy #AkshayBhagwat #vodafoneideastockanalysis #marketlive #stocktobuy #stocktowatch
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Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
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Shares of Vodafone Idea Ltd fell up to 15 per cent in Thursday's trade after the Supreme Court reportedly dismissed its plea to re-compute adjusted gross revenue (AGR) dues. Vodafone Idea earlier reported an AGR liability of about Rs 70,300 crore, including accumulated interest. VIL’s self-assessed AGR liability was 50 per cent lower at Rs 35,400 crore. Vodafone Idea and other telecom firms had filed a curative petition for reassessment of the amount and a reduction or waiver of the penalty with the Supreme Court. The apex earlier heard this petition on August 30. Now the ruling is out. Vodafone Idea shares were locked at 15 per cent lower circuit limit of Rs 10.98 on BSE. The stock recently got under pressure after global brokerage Goldman Sachs suggested a target of Rs 2.50 per share. Catch Sakshi Batra in conversation with Akshay Bhagwat discussing the trading strategy for Vodafone shares. Listen in
#TelecomDues #goldmansachs #tradingstrategy #AkshayBhagwat #vodafoneideastockanalysis #marketlive #stocktobuy #stocktowatch
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
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