Vodafone idea share price: Stock market news: Vodafone Idea shares rise over 1%

NEW DELHI: Shares of Vodafone Idea traded 1.45 per cent up in Friday’s trade at 12:06PM (IST). Around 16,975,833 shares changed hands on the counter.

The stock opened at Rs 10.4 and touched an intraday high and low of Rs 10.59 and Rs 10.31, respectively, in the session so far. Shares of the company of Vodafone Idea quoted a 52-week high of Rs 13.8 and a 52-week low of Rs 2.91.

Total market cap of the Vodafone Idea stood at Rs 30085.95 crore at the time of writing this report.

Key Financials

The company reported consolidated net 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 corresponding quarter last year.

Shareholding pattern

As of 31-Dec-2020, domestic institutional investors 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 -0.62 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 belongs to the Telecommunications – Service industry.



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