Vodafone Idea Shares Rise 4%, Hit New High Since Sep 2024, Above ₹11 FPO Price

• Vodafone Idea shares rose over 4% on Thursday, trading above its FPO price of ₹11 and reaching a new high after September 2024.
• The stock saw high trading volumes and has shown strength in 6 of the last 8 sessions, partly due to hopes for government relief on AGR dues.
• CLSA noted VIL's 5G expansion in 17 circles, crucial for future competition and market share.
• HSBC highlighted subscriber decline as a major risk, maintaining a "reduce" rating with a target price of ₹5.8.
• Analyst consensus shows a leaning towards 'Sell' with a potential 21% downside, and uncertainty remains over the AGR solution.

Why It Matters: Vodafone Idea's stock rise amidst challenges signals market volatility for telecom investors.