Vodafone Idea Stock Surge: Shares Rise 4% Amid GST Dispute and Q3 Financial Report
Vodafone Idea's stock saw a 4% surge on Wednesday following its protest against a Goods and Services Tax (GST) demand order. The telecom giant's share price rose 3.96% to ₹8.39 on the Bombay Stock Exchange (BSE), driven by investor reaction to the company’s legal challenge against the tax ruling.The company also reported a reduced net loss in Q3 FY25, alongside an increase in revenue and Average Revenue Per User (ARPU). However, analysts remain skeptical about its long-term sustainability, citing subscriber attrition and financial constraints.Key Highlights:Vodafone Idea Challenges GST Demand Order:Vodafone Idea's Q3 FY25 Financial Performance:Analysts Raise Concerns Over Long-Term Sustainability:Vodafone Idea Challenges GST Demand Order:On February 18, 2025, Vo...