However, he cautioned that the cycle is currently not in favor of the sugar pack. Jain advised investors to keep the stock on their watchlist but avoid fresh buys at current levels.
Vodafone Idea shares soared 9.68 per cent to hit a high of Rs 12.34 apiece, taking its one-month rise to 34 per cent.
Vodafone Idea shares have rallied 24 per cent in the past one month. The recent rise in the stock came as a few brokerages turned positive following the telecom operator’s AGR reassessment.
CLSA in a note on May 3 said even as Vodafone Idea's reassessed AGR dues are lower by only 27 per cent, this combined with the payment moratorium is definitive long-term relief.
Vodafone Idea share price: Citi said it rated VIL as high risk as its balance sheet is still over-leveraged and continued government support remains critical.
Leading telecom operator Vodafone Idea has garnered renewed interest following HDFC Securities, which outlines both opportunities and significant risks for the telecom player.
Vodafone Idea: ICRA said its rating upgrade reflected the recent developments pertaining to the revision of Vodafone Idea's adjusted gross revenue (AGR) dues by the government in January.
The domestic brokerage said the government has approved a major moratorium for Vi’s AGR liabilities, with minimal annual payments until FY35. It expects the development to provide significant cash flow relief and a turnaround opportunity for Vi.
An analyst from YES Securities said that Vodafone Idea is presenting a compelling buying opportunity as it finds robust support, despite a recent retreat from its high.
Axis Securities in its Budget 2026 note said the telecom industry is seeking GST relief on regulatory payments, including exemption or reduction of GST from 18 per cent to 5 per cent on license fees and spectrum charges.
Vodafone Idea’s management, during its analyst meet, unveiled an Rs 45,000 crore capex plan for the next three years, aimed at reaching parity with peers on 4G network coverage in 17 priority circles.




