Telcos’ stocks rise ahead of AGR hearing, Vodafone Idea up 7%

Date:

Shares of telecom operators Vodafone Idea and Bharti Airtel rose on Monday ahead of the hearing on the AGR matter in the Supreme Court.

Around 1.45 p.m., shares of Vodafone Idea on the BSE were trading at Rs 9.50, higher by 6.98 percent from its previous close.

The share price of Bharti Airtel was higher by 1.12 percent at Rs 573.70.

The top court would hear on Monday the arguments on the government’s petition to allow telecom service providers to make staggered payments of the adjusted gross revenue (AGR) over a 20-year period.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Irumudi: Ravi Teja’s Film Has No Connection to Sabarimala, Says Shiva Nirvana

The trailer of Mass Maharaja Ravi Teja’s much-awaited film...

Vishwanath & Sons: This Love Story Is Unlike Anything Seen Before, Says Suriya

Superstar Suriya is gearing up for the release of...

Prabhas Fans Await Fauzi Update: Will the Makers Deliver a Big Independence Day Surprise?

Prabhas’ upcoming period action drama Fauzi is among the...

RGV Announces Police Company with T-Series; Harshvardhan Rane to Play the Lead

While Ram Gopal Varma’s fans continue to wait for...