Vodafone Idea shares have dropped 24% in two days, falling below Rs 10 due to the AGR ruling. The Supreme Court upheld the full AGR demand of Rs 70,320 crore. Despite this, Nomura upgraded the stock to ‘buy,’ while UBS suggested a fair value range of Rs 12 to Rs 24.
US stocks: S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
US market saw a mixed close as the S&P 500 and Nasdaq dipped, primarily due to tech giants like Alphabet facing investor scrutiny over AI