vodafone idea shares: Stock market news: Vodafone Idea shares gain over 2%

NEW DELHI: Shares of traded 2.29 per cent up in Wednesday’s trade at 12:45PM (IST). Around 44,963,617 shares changed hands on the counter.

The stock opened at Rs 11.72 and touched an intraday high and low of Rs 12.37 and Rs 11.68, respectively, in the session so far. The stock of Vodafone Idea Ltd. quoted a 52-week high of Rs 13.8 and a 52-week low of Rs 2.83.

Total market cap of the Vodafone Idea Ltd. stood at Rs 34827.29 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 10933.5 crore for the quarter ended 31-Dec-2020, up 0.95 per cent from previous quarter’s Rs 10830.5 crore and up 3.93 per cent from the year-ago quarter’s Rs 11380.5 crore.

The net loss for latest quarter stood at Rs 4532.1 crore, down 29.61 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Dec-2020, DIIs held 0.96 per cent stake in the company, while foreign institutional investors held 6.08 per cent and the promoters 18.48 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of -0.71 and a price-to-book ratio of 1.49. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Vodafone Idea Ltd. belongs to the Telecommunications – Service industry.



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