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:

spot_img

Popular

More like this
Related

Gold Prices Surge: Delhi Hits Rs 72,350 Amid Global Rally

Gold prices in the national capital surged by Rs...

BRS Challenges Election Commission: KCR’s Campaign Ban Controversy

Telangana's Bharat Rashtra Samithi (BRS) responded vehemently to the...

Copyright Clash: Ilaiyaraaja’s Legal Notice Hits Rajinikanth’s ‘Coolie

The recent release of the teaser for "Coolie," featuring...

Pushpa Raj Rules the Charts! Pushpa 2 First Song Sets YouTube on Fire

Pushpa Raj is back and groovier than ever! Despite...