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

• Vodafone Idea shares hit a new 52-week high of Rs 12.36, surging over 100% since its August low.
• The rally is driven by strong expectations of government relief on Adjusted Gross Revenue (AGR) dues.
• The Union Cabinet is expected to consider AGR relief today, potentially waiving interest and penalties.
• CLSA estimates a potential $8 billion relief for Vi, which owes approximately Rs 83,400 crore in AGR.
• Despite the surge, Vi remains debt-ridden and has warned of non-survival without crucial funding support.

Why It Matters: Vodafone Idea's stock surged to a 52-week high amid strong hopes for government relief on AGR dues.