Vodafone Idea share price jumps 4%. What's behind the rise in telecom stock? Explained

Vodafone Idea share price: Shares of beleaguered telecom player Vodafone Idea jumped nearly 4% in intraday deals on Tuesday, December 2, amid hopes of relief on adjusted gross revenue (AGR) dues before the end of the year.
In a conversation with CNBC-TV18, Union Telecom Minister Jyotiraditya Scindia said the Centre is awaiting a formal request from the telecom company before moving ahead with any relief measures.
Scindia said the ministry is examining the legal boundaries set by the Supreme Court in its verdict last month. "Judgment needs to be evaluated from a point of view of what can be done and what cannot be done. We cannot cross the border of the SC judgment," he told the news channel.
He also indicated that the government may be able to complete its assessment and issue recommendations within a couple of weeks, with the relief package likely to be announced by the end of the year.
SC orders ₹78,500 crore relief for Vi
Vodafone Idea, on October 27, received a favourable order from the Supreme Court that has allowed the government to reconsider and take an appropriate decision with reference to the additional AGR demand raised for the period up to the financial year 2016-2017, and comprehensively reassessing and reconciling all AGR dues, including interest and penalty.
Vodafone Idea CEO Abhijit Kishore, during the second-quarter earnings call, said that the AGR liability on the company stood at around ₹78,500 crore at the end of September 2025.
Vodafone Idea share price trend
Following the comments from the Telecom Minister, shares of Vodafone Idea jumped 3.8% to hit the day's high of ₹10.32 apiece on the BSE. In the last three months, Vodafone Idea share price has rallied 57%, and over the last six months, it has gained 45%, as investor interest heightened amid hopes of relief on AGR dues.
The large-cap penny stock boasts a market capitalisation of over ₹1,10,500 crore.
“Vodafone Idea is sustaining a strong short-term uptrend, supported by price consistently holding above the 9-EMA and maintaining a “Positive” Supertrend structure. The stock has formed a series of higher highs and higher lows, indicating steady momentum. Recent dips toward Rs. 9.70 - Rs. 9.90 were bought into, showing strong demand near the rising support zone,” said Drumil Vithlani, Technical Research Analyst at Bonanza.
Volume spikes on up days further validate bullish participation, said the expert. As long as the stock holds above Rs. 9.80, the trend remains favourable for continuation towards Rs. 10.80 - Rs. 11.20, while a decisive close above Rs. 10.50 may accelerate upside, while a breakdown below Rs. 9.70 would be the first sign of trend fatigue, Vithlani noted.
As of 10.15 am, Vodafone Idea share price was trading at ₹10.20, up 2.62%.
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