Stock Of The Day: Vi Among Top 2025 Midcap Stocks Even As Broader Markets Plunge 

Shares of Vodafone Idea Ltd. are among the top mid-caps stocks in 2025, despite the broader fall after the counter took a beating last year, due to adjusted gross revenue-related issues.

The telecom operator's shares have risen over 10% so far this year to remain the fourth best midcap stock in the Nifty Midcap 150. SBI Cards and Payment Services Ltd., UPL Ltd. and SRF Ltd. have taken the top three spots.

Shares of Vi have made a comeback after the counter plunged 50% last year. The counter's gain this year comes even as the midcap index plunged 20% from their peak in September last year.

Despite the jump in shares today, the stock is trading below the long-term sentiment gauge — the 200-day moving average. The scrip is also currently below the 14-day simple moving average and the 21-day exponential moving average.

Immediate resistance for the stock will be at the Rs 9-mark, which is the 21-DMA. A close above this could send the stock to the psychologically crucial Rs 10-mark.

The stock rose as much as 6.56% to Rs 8.94 per share on Thursday, compared to the 0.71% rise in Nifty 50. Relative strength index was at 36.32, indicating the stock is near the oversold region.

Four of the 22 analysts tracking the company have a 'buy' rating on the stock, five suggest a 'hold', and 13 have a 'sell', according to Bloomberg data. The average of the 12-month analysts' price target implies a potential downside of 9.7%.

Vodafone Idea said on Wednesday it was confident about a solution to the adjusted gross revenue issue.

"The government's intent is clear that it will provide support if need arises. Moreover, it is cognisant that support will be required on this issue. The government is the biggest stakeholder in this process; therefore, we are confident that a solution will be found," Chief Executive Officer Akshaya Moondra said during the third quarter post-earnings call.

The government is committed to saving the telecom sector, and the bank guarantee waiver for past spectrum purchases is a direct indication of that, Moondra remarked.

The government is reportedly considering waiving 50% of the interest and 100% of the penalties associated with AGR dues, while the principal amount remains intact.

For Vodafone Idea, this could mean a potential relief of Rs 52,000 crore, reducing about 75% of its outstanding AGR liability and roughly 25% of its total debt. This could result in a potential upside of Rs 7 per share for Vodafone Idea's equity.