Vodafone Idea Shares Soar 100% to 52-Week High on AGR Relief Hopes

• Vodafone Idea shares hit a new 52-week high of ₹12.36, surging over 100% from its August low.
• The rally is fueled by strong expectations of government relief on Adjusted Gross Revenue (AGR) dues.
• A cabinet meeting may consider a relief package, potentially waiving interest and penalties on AGR liabilities.
• The company faces severe financial pressure with ₹83,400 crore in AGR dues; relief is vital for its survival.
• The Supreme Court recently allowed a comprehensive review of Vodafone Idea's AGR liabilities, providing significant relief.

Why It Matters: Vodafone Idea's stock surge reflects investor optimism for government AGR relief, crucial for its future.