New Delhi, Oct. 27 -- Revival hopes for the beleaguered telecom company, Vodafone Idea, following a Supreme Court order, pushed the stock higher by up to 10% in afternoon trade on Monday.

Vodafone Idea stock rose past Rs.10.5 per share to its highest levels since September 2024 after the apex court allowed the Indian government to reassess the demand based on Vodafone Idea's so-called adjusted gross revenue (AGR).

The matter relates to Vodafone Idea's petition filed last month challenging the Department of Telecommunications' (DoT) demand for an additional Rs.9,450 crore in adjusted gross revenue (AGR) dues.

The Supreme Court judges noted that the decision on any relief to the telecom operator is a policy matter. The government became ...