Indus Towers, AGR
Indus Towers shares fall 13% after SC rejects re-computation in AGR case
Indus Towers' shares dropped 10% to their day's low of Rs 366.30 on the BSE after the Supreme Court upheld its ruling on the Adjusted Gross Revenue (AGR) case, rejecting telecom companies' requests for a re-computation and affirming the full AGR demand.
Vodafone Idea Share Price and Indus Towers Shares Plunge up to 15% After AGR Setback: Key Highlights
Vodafone Idea (VIL) recently reported a massive adjusted gross revenue (AGR) liability of ₹70,300 crore, which includes accumulated interest. However, VIL’s self-assessed AGR liability is significantly lower, at ₹35,400 crore, a 50% reduction compared to the official figure.
Indus Towers clarifies on share price drop following Supreme Court's AGR plea dismissal
On Thursday (September 19), shares of Indus Towers plunged 8.86% to ₹389.65, with an intra-day low of ₹366.30, a 14.32% drop.
Vodafone Idea, Indus Towers shares plummet 15% as Supreme Court upholds AGR ruling
According to IIFL Securities, the cash flow situation for Vodafone Idea is expected to become more challenging without relief from the court.
Vodafone Idea, Indus Towers Shares Plunge After Supreme Court Ruling
Vodafone Idea and Indus Towers shares tumbled after the Supreme Court dismissed their pleas seeking correction of alleged errors in the adjusted gross revenue (AGR) calculation.
Vodafone Idea slumps nearly 20 per cent; Indus Towers plunges 9 per cent
Vodafone Idea and Indus Towers experienced substantial declines in their share prices following the Supreme Court's dismissal of their pleas to correc
Vodafone Idea, Indus Towers Fall Most After Supreme Court Verdict On AGR Dues
Shares of most telecommunication companies declined on Thursday with Vodafone Idea Ltd. and Indus Towers Ltd. falling the most after the Supreme Court rejected their plea seeking re-computation of average gross revenue or AGR by the Department of Telecommunication.
Indus Tower shares drop 13% following Supreme Court's rejection of AGR case re-computation
Earlier this month, global brokerage firm Goldman Sachs downgraded Indus Towers from a 'Neutral' rating to 'Sell,' lowering the target price to ₹220.
Vodafone Idea Crashes Over 15%, Indus Towers Falls 10% As Supreme Court Rejects AGR Plea
The stocks of telecom sector on Thursday (September 19) experienced a decline after the Supreme Court rejected the pleas from telecom giants Bharti Airtel and Vodafone Idea for a re-computation of adjusted gross revenue (AGR) dues.
AGR ruling hits Vodafone Idea, Indus Towers hard: Shares drop up to 15%; all you need to know
Shares of Vodafone Idea Ltd and Indus Towers on Thursday (September 19) experienced a sharp decline, with Vodafone Idea's stock hitting the 15 percent lower circuit limit and Indus Towers falling by 10 percent.
Supreme court rejects telcos' plea on dues owed to govt; Vodafone Idea, Indus Towers shares slide
Supreme Court rejects telecom companies' plea to recalculate licence fees, leading to stock price drops for Vodafone Idea and Indus Towers.
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Supreme Court Ruling Shakes Telecom Stocks
Shares of Vodafone Idea and Indus Towers suffered significant losses as the Supreme Court dismissed their pleas regarding ...
Indian Telecom Stocks Tumble as Top Court Rejects Plea on Dues
Shares of Indian wireless carriers plunged on Thursday after the country’s top court rejected the firms’ request to ...
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Indus Towers multiples may see de-rating, special dividend chances fall, says this analyst
BofA Securities noted the possibility of multiple de-ratings of valuations, and they see a lower possibility of a lump sum ...
Brokerage Radar: BofA cuts Indus Tower's target price, Macquarie upgrades JSW Steel
Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes metal, telecom ...
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Indus Tower share price target: Brokerage positive - Buy, Sell or Hold?
Brokerage house BofA has maintained a BUY rating on Indus Towers. The apex court reaffirmed its decision on the AGR ruling ...