Vodafone Idea recovers 24% after hitting record low post Q2 results

Telecom major Vodafone Idea plunged 11.5 per cent to hit an all-time low of Rs 2.61 apiece on the BSE on Friday after the company reported a net loss of Rs 50,922 crore, the biggest ever loss in corporate India's history, due to outstanding payment related to adjusted gross revenues, or AGR.

The stock, however, bounced back 24.5 per cent from day's low to hit an intra-day high of Rs 3.25 per share on reports that the government was mulling sops to revive the telecom sector. At 12:15 PM, the stock trading over 6.4 per cent higher at Rs