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Vodafone Idea Doubled In A Month But AGR Case Outcome Is Key

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Vodafone Idea Doubled In A Month But AGR Case Outcome Is Key

Mumbai: The outcome of the adjusted gross revenue (AGR) case, which will be heard in the Supreme Court on Thursday, will decide the course for telecom shares, mainly Vodafone Idea, which has more than doubled in the last one month. The hearing may include the government’s application that telcos be allowed to spread the payment of their dues over 20 years or less. Analysts said if the court asks companies to pay sooner, it could bring the rally in these shares to a screeching halt.

“If they get any time period lesser than 15-20 years to pay AGR dues they won’t have much money to invest in 4G CAPEX. This would have implications on market share as without such investments they would end up losing market share,” said Rajiv Sharma, head of research at SBICAP Securities, which has kept its rating on Vodafone Idea under review. “If they have to pay everything up front, then Vodafone Idea may decide to shut down and they may get referred to NCLT (the National Company Law Tribunal) .

The telecom operator has paid Rs 6,854 crore out of the Rs 58,254 crore it owes the government in AGR dues. The stock ended up 7.34 percent at Rs 10.82 on Wednesday. It has surged 136 percent from 4.58 level a month ago. In comparison, peer Bharti Airtel’s shares are up 6 per cent in the last one month.

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The rally in Vodafone Idea shares has been amid dipping delivery volume, suggesting long-term investors remain skeptical about its debt levels and AGR dues.

Data compiled by ETIG Database shows that the delivery volume percentage in the last week was close to 23 percent and was 26.9 percent in the last one month. This is similar to the 3-month average delivery volume of 28.6 percent and a 6-month average delivery volume of 28.54 per cent.

“It points to speculation activity in the counter. The Telecom sector looks good and the stock is moving because other telecom giants are rallying. One can sell the Vodafone stock on the further rally,” said Chandan Taparia, derivatives analyst at Motilal Oswal.

News Source: EconomicTimes

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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