Vodafone Idea Share Price Today (8 December 2025): AGR Relief Buzz, 5G Rollout and What Analysts Expect from IDEA Stock

Updated: 8 December 2025

Vodafone Idea Limited (IDEA) remains one of the most closely watched turnaround stories in India’s stock market. On 8 December 2025, the telecom stock is consolidating after a sharp multi-week rally powered by expectations of government relief on adjusted gross revenue (AGR) dues, progress on 5G rollout and fresh funding moves.

As of Monday’s session, Vodafone Idea shares are trading around ₹10.6–₹10.7, down roughly 1–1.5% on the day, after moving in a range of about ₹10.64–₹10.82 on the NSE. ^[1] The stock is still up strongly in the short term: it has gained about 7–9% over the past week and more than 50% over the last six months, with a 52‑week range of ₹6.12–₹11.08. ^[2]

Vodafone Idea share price today: after a powerful early‑December rally

Price data from Investing.com show that on 8 December 2025, Vodafone Idea closed near ₹10.65, with an intraday high of ₹10.82 and low of ₹10.64, marking a single‑day decline of about 1.4% after several sessions of gains. ^[3]

That pullback follows a strong run:

On 5 December, the share closed at ₹10.80, up 1.12% on the day and up 8.2% over the previous two weeks, with gains in 8 of the last 10 sessions. ^[4]
LiveMint notes that as of 3 December, the stock had rallied 9% in one month, 58% in three months, 30% year‑to‑date, and 26% over one year. ^[5]
Business Standard and other market reports point out that the stock jumped around 4% to ₹10.59 intraday on 3 December, and about 7% over two sessions, after positive comments from the telecom minister on potential AGR relief. ^[6]

In other words, today’s mild decline looks more like consolidation after a sharp speculative move than a change of trend by itself.

Why Vodafone Idea is in the news on 8 December 2025

AGR dues back in focus: government review and company’s plea

The single biggest driver for Vodafone Idea’s equity story remains its massive AGR liability – roughly US$9 billion originally, according to sector commentary. ^[7]

Two fresh developments around AGR dues have put the stock at the centre of market attention on 8 December 2025:

Government review of AGR dues
- NDTV Profit reports that the Government of India is reassessing Vodafone Idea’s AGR liabilities after an October Supreme Court directive allowing reconciliation of dues up to FY17, including interest and penalties. Talks are still “at an early stage,” but the review opens the door to potential reduction of the payable amount. ^[8]
Vodafone Idea formally pushes for recalculation
- On the same day, Communications Today reports that Vodafone Idea has asked the government to recalculate its AGR dues under the Supreme Court’s revised framework, explicitly seeking relief that could materially lower its liabilities and improve funding options. ^[9]

These follow a series of catalysts over the last week:

Telecom Minister Jyotiraditya Scindia recently indicated that the Centre could finalise AGR relief recommendations by the end of 2025, sparking a near 4% rally in the stock on 2 December and a sustained up‑move over the next few days. ^[10]
Reports also point to a cabinet meeting scheduled to discuss the AGR matter, underlining that policy decisions on Vodafone Idea’s dues are actively on the table. ^[11]
In parallel, Moneycontrol notes that Vodafone Idea has moved the Supreme Court to quash an additional ₹9,450 crore AGR demand from the Department of Telecommunications (DoT), arguing it is inconsistent with earlier calculations. ^[12]

For equity investors, AGR is binary: meaningful relief could dramatically improve solvency and financing options, while adverse outcomes would reinforce default and dilution risk. That’s why even incremental headlines around “review” and “recalculation” have been moving the stock so aggressively.

Debt, funding and government stake: balance‑sheet repair in slow motion

While AGR dominates the narrative, Vodafone Idea is simultaneously trying to restructure and extend its debt profile and secure capital for 5G rollout.

Bond issue cut but still moving ahead

Reuters reports that Vodafone Idea Telecom Infrastructure, a wholly owned subsidiary, has cut the size of its planned bond sale from ₹50 billion to ₹32 billion (about $359 million) as it expects to secure cheaper funding from lenders later. ^[13]

Key details:

The bonds are expected to be completed by end‑December 2025.
The issue is structured in tranches with two‑year bonds at around 12% and three‑year‑plus bonds at roughly 14% yield, both backed by the parent company’s guarantee. ^[14]

This funding round follows earlier approvals to raise about ₹200 billion via equity and debt, largely meant to support network expansion and 5G capex. ^[15]

Government as largest shareholder

After converting a large chunk of deferred spectrum and AGR dues into equity in April 2025, the Indian government now holds about 48.99% of Vodafone Idea, making it the single largest shareholder. ^[16]

That unusual ownership structure means:

The state has skin in the game for the company’s survival.
But lenders and minority shareholders still worry about policy risk, political interference and the possibility that future relief may come with strings attached.

Operating performance: losses narrowing, ARPU improving, 5G coverage expanding

Q1 FY26: loss widened on higher finance cost

For the June 2025 quarter (Q1 FY26), the Times of India notes that Vodafone Idea’s net loss widened to about ₹6,608 crore, largely due to higher finance costs, even as revenue grew about 5% year‑on‑year with ARPU up around 15% YoY. ^[17]

This underscored the basic problem: operations are slowly improving, but interest and legacy obligations keep the P&L deep in the red.

Q2 FY26: incremental improvement, stronger ARPU

The September 2025 quarter (Q2 FY26) was more encouraging:

Net loss narrowed to ₹5,524 crore, from ₹7,176 crore in the same quarter last year and ₹6,608 crore in Q1 FY26. ^[18]
Revenue rose to about ₹11,195 crore, up around 1.6–2.4% YoY depending on the basis used in different disclosures. ^[19]
EBITDA improved to roughly ₹4,685–4,690 crore, up about 3% YoY, with EBITDA margin near 42%. ^[20]
ARPU (Average Revenue Per User) climbed to about ₹180, continuing a multi‑quarter trend of tariff‑driven improvement. ^[21]

Market reaction was positive: Mint highlights that the stock jumped over 6% and hit a one‑year high after these Q2 results as investors cheered narrowing losses and improving ARPU. ^[22]

5G rollout: late but catching up

Vodafone Idea is late to 5G compared to Reliance Jio and Bharti Airtel, but 2025 has finally seen visible progress:

The company launched 5G in March 2025, initially targeting major metros. ^[23]
A company results release shows 5G services live in 22 cities across 13 circles earlier in FY26, with spectrum holdings in both mid‑band and mmWave. ^[24]
Moneycontrol reports that Vi is now accelerating 5G across 17 priority circles and 29 cities, while focusing on improving customer experience and ARPU rather than chasing low‑value subscribers. ^[25]
Economic Times notes that Vi’s 5G rollout helped boost net 5G base station additions in March 2025, reversing a prior slowdown in industry‑wide deployments. ^[26]
Data Center Dynamics reports that the next phase of rollout is set to expand 5G to 23 additional cities, signalling an intent to gradually close the coverage gap with rivals. ^[27]

On the funding side, trade press has repeatedly reported that Vi’s infra subsidiary is seeking loans of around ₹50 billion (US$570 million) for network expansion, including 5G. ^[28]

The message: operations are slowly stabilising, with better ARPU and expanding 5G, but the pace is constrained by balance‑sheet stress.

Fundamentals: still a highly leveraged, loss‑making telecom bet

Even after the rally, Vodafone Idea remains a distressed, high‑leverage play rather than a conventional “value” telecom stock.

Data from Screener and Groww suggest roughly the following picture on a trailing basis: ^[29]

Revenue: about ₹44,300 crore (last reported full year).
Net loss: around ₹25,900 crore.
Market cap: roughly ₹1.17 trillion as of early December 2025.
Debt‑to‑equity: about 2.8x, with negative book value per share (around –₹7.6) and negative EPS (around –₹2.4).
Interest coverage: flagged as low by screeners, reflecting hefty finance costs.
Promoter holding (non‑government sponsors) has declined significantly over the past three years, partly as the government’s stake rose through debt‑to‑equity conversions.

Put bluntly: the equity is priced on optionality – the hope that:

AGR dues are reduced and stretched out,
tariffs and ARPU keep rising, and
5G capex is funded on acceptable terms

…rather than on current profitability.

What analysts and models forecast for Vodafone Idea stock

Street‑level 12‑month targets: cautious to outright negative

Aggregate broker data from Investing.com, TradingView and Trendlyne show that fundamental analysts remain cautious despite the recent price surge:

Investing.com compiles views from 21 analysts:
- Consensus rating: Neutral
- Distribution: 5 Buy, 7 Hold, 9 Sell
- Average 12‑month target: about ₹8.9, with a high of ₹15 and low of ₹2.4. ^[30]
TradingView shows a very similar picture, with an average target around ₹8.8–₹8.9 and the same ₹15/₹2.4 high‑low range. ^[31]
Trendlyne (which focuses on Indian broker research) cites an average target of about ₹7.33, implying roughly 30% downside from spot levels near ₹10.6, based on eight reports from four analysts. ^[32]

In short, most fundamental analysts think the stock has run ahead of its near‑term fundamentals, even if the long‑term story improves.

Quant and technical views: momentum still positive

Technical and AI‑driven models paint a more optimistic short‑term picture:

StockInvest.us, which uses quantitative technical analysis, classifies Vodafone Idea as a “Buy or Hold candidate”, noting:
- Price has risen in 8 of the last 10 sessions, up 8.22% in two weeks.
- The stock is in a “strong rising trend” in the short term.
- Their model projects a 36.9% potential rise over the next three months, with a 90% probability band between ₹13.6 and ₹15.9, if the trend persists. ^[33]
They also flag support levels around ₹9.99 and resistance near ₹10.94, with average daily volatility around 4–5%, indicating medium trading risk. ^[34]

The contrast is stark: quantitative trend models are bullish, while fundamental broker research is, at best, neutral.

Key risks and triggers investors are watching

Given the above, Vodafone Idea’s share price over the next 6–18 months is likely to be dominated by a few big variables:

AGR relief details and timing
- Size of any reduction in principal, interest and penalties. ^[35]
- Outcome of the company’s plea to quash the additional ₹9,450 crore AGR demand. ^[36]
- Conditions attached (tariff commitments, equity dilution, governance changes, etc.).
Tariff hikes and ARPU trajectory
- Q2 FY26 results already show ARPU at around ₹180, with revenue inching up despite subscriber erosion. ^[37]
- Further tariff hikes across the industry would directly support Vodafone Idea’s cash flows, but aggressive pricing could also accelerate churn if network quality lags.
5G execution and capex funding
- Ability to scale from tens of cities to pan‑India 5G coverage, while staying competitive on speed and reliability. ^[38]
- Success in raising and deploying network capex loans (around ₹50 billion planned) without excessively diluting equity or overburdening interest costs. ^[39]
Balance‑sheet and refinancing risk
- New bonds are being priced at double‑digit yields (12–14%), which underlines the market’s perception of high credit risk. ^[40]
- Any delay in AGR relief, or weaker‑than‑expected operating performance, could force more expensive refinancing or deeper equity dilution.
Sector and regulatory environment
- Policy choices on minimum tariffs, spectrum pricing and penalties will strongly influence Vodafone Idea’s survival path.
- Sector commentary suggests that while AGR relief and moratoriums on dues support near‑term stability, long‑term health still hinges on tariff rationalisation and disciplined capex. ^[41]

Bottom line: Vodafone Idea on 8 December 2025 is still a high‑risk turnaround story

As of 8 December 2025, Vodafone Idea is not a classic defensive telecom stock. It is:

A leveraged turnaround bet on
- regulatory relief (AGR recalculation and possible reduction),
- continued ARPU growth via tariff hikes, and
- successful 5G rollout funded at manageable cost.
Priced at a level where short‑term momentum and speculation are clearly visible, with the stock up dozens of percent in a few months on news‑driven optimism. ^[42]
Still burdened by heavy losses, weak interest coverage, negative net worth and substantial execution risk. ^[43]

Fundamental analysts, looking at earnings, leverage and regulatory uncertainty, mostly recommend neutral or cautious stances, with average 12‑month targets below the current price. ^[44] Quant and technical models, focused on price trends and momentum, skew more bullish in the short term. ^[45]

For investors, that divergence underscores the key point: Vodafone Idea remains a speculative, high‑beta stock where policy decisions and funding terms can move the price dramatically in either direction.