Home Investment / Trading StockMarket and Mutual Fund Investment Ideas Vodafone Idea Ltd.: Stock market news: Vodafone Idea shares trade flat

Vodafone Idea Ltd.: Stock market news: Vodafone Idea shares trade flat

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Vodafone Idea Ltd.: Stock market news: Vodafone Idea shares trade flat
NEW DELHI: Shares of traded 0.08 per cent down in Tuesday’s commerce at 11:09AM (IST). Round 13,363,515 shares modified arms on the counter.

The counter opened at Rs 12.18 and touched an intraday excessive and low of Rs 12.25 and Rs 12.03, respectively, within the session to this point. Shares of the corporate of Vodafone Thought Ltd. quoted a 52-week excessive of Rs 13.8 and a 52-week low of Rs 2.83.

Vi plans to fold up its 3G providers by FY22 because it bids to maneuver in direction of turning into 4G-focussed telco in a bid to spice up income, though it might preserve its 2G providers operating for years on condition that it has a big section of primary cellphone subscribers.

Whole market cap of the Vodafone Thought Ltd. stood at Rs 34856.03 crore on the time of scripting this report.

Key Financials

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

The online loss for contemporary quarter stood at Rs 4532.1 crore, down 29.61 per cent from the corresponding quarter final yr.

Shareholding sample

As of 31-Dec-2020, home institutional buyers held 0.96 per cent stake within the firm, whereas international institutional buyers held 6.08 per cent and the promoters 18.48 per cent.

Valuation ratio

In line with BSE information, the inventory traded at a price-to-earnings a number of of -0.71 and a price-to-book ratio of 1.49. The next P/E ratio reveals buyers are keen to pay the next worth due to higher future progress expectations. Worth-to-book worth signifies the inherent worth of an organization and is the measure of the worth that buyers are able to pay even for no progress within the enterprise.

Vodafone Thought Ltd. belongs to the Telecommunications – Service business.

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