Vodafone Idea Ltd.'s target price was slashed by brokerages as they factored in the negative impact of Supreme Court dismissing the telecommunication companies' plea to reconsider calculation of adjusted gross revenue dues. Citi Research and Nuvama cut Vodafone Idea's target price.

The lowest price target has been given by Goldman Sachs, with a 'Sell' rating, as it sees no government support/relief in AGR liabilities

Shares of most telecom firms were trailing on Friday after the Indian Supreme Court stayed its ruling on adjusted gross revenue (AGR) dues. What Happened: The Supreme Court dismissed a series of petitions from telecom companies,

While Nomura has upgraded shares of Vodafone Idea, Goldman Sachs still has a sell rating with a ₹2.5 price target.

Vodafone Idea shares hit 15% lower circuit after the Supreme Court rejected telecom companies’ plea on re-computation of adjusted gross revenues (AGR) dues.

Vodafone Idea reported an AGR liability of Rs 70,300 crore, including accumulated interest. VIL’s self-assessed AGR liability was 50 per cent lower at Rs 35,400 crore.

Shares of Vodafone Idea have declined as much as 6% on Thursday after the Supreme Court upheld the Adjusted Gross Revenue ruling against the telecom companies and upheld the quantum of the AGR demand.

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.

The lowest price target has been given by Goldman Sachs, with a 'Sell' rating, as it sees no government support/relief in AGR liabilities

There seems to be no end to Vodafone Idea's financial crisis. A day after the Supreme Court's ruling in the AGR case, sources had told ET NOW that lenders are reluctant to extend support to the debt-ridden company.