BUZZ-India's Vodafone Idea extends fall as top court dismisses plea to waive telecom dues
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Vodafone Idea's stock fell 8.2% to 6.80 rupees after India's Supreme Court dismissed its plea to waive over $5 billion in telecom dues. The company had sought intervention following the government's rejection of its request. CEO Akshaya Moondra warned that without support, Vodafone may not operate beyond FY26. Analysts rate the stock as 'hold' with a median price target of 7.85 rupees. Year-to-date, Vodafone's stock is down approximately 14%, contrasting with a 15% gain for rival Bharti Airtel.
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