Vodafone Idea stock price has fallen more than 24% in the last two days after the Supreme Court of India's verdict in the Adjusted Gross Revenue (AGR) case which came as a big blow for the debt-ridden telecom company.

Vodafone (LON: VOD) share price retreated by over 2% in London and by 0.50% in the US pre-market session on Thursday. It fell to a low of 76.32p, down from this week’s high of 79.50. Still, it is one of the best-performing companies in the FTSE 100 index as it jumped by 30% from its

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.

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

Brokerage firm Citi, in a note on August 29 had said that any favourable AGR outcome would boost Vodafone Idea's share price by ₹4 to ₹5 per share or even higher, or more than 25% benefit on its current market price.

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.

Earlier this month, global brokerage firm Goldman Sachs downgraded Indus Towers from a 'Neutral' rating to 'Sell,' lowering the target price to ₹220.

Telecom infrastructure company Indus Towers Ltd on Thursday (September 19) issued a clarification regarding its recent share price fluctuations following the Supreme Court's decision to reject pleas seeking recomputation of adjusted gross revenue (AGR) dues.

Shares of Vodafone Idea nosedived 15% on Thursday following the Supreme Court’s ruling on adjusted gross revenue (AGR) dues. The telecom giant’s plea was dismissed, which could lead to a massive impact on its market standing.