To this point on this calendar yr, Vodafone Concept inventory has fallen 37 per cent.

Vodafone Concept share worth fell practically one per cent after rising over 2 per cent in intraday on BSE, forward of January-March quarter outcomes. As compared, home fairness market benchmarks BSE Sensex and Nifty 50 have been half a per cent up. To this point within the session right now, Vodafone Concept hit a day’s excessive of Rs 10.30 and low of 10 apiece. In traded quantity phrases, over 2.11 crore shares of Vodafone Concept traded on BSE, whereas a complete of 9.88 crore items exchanged fingers on NSE on Wednesday.

Vodafone Concept share worth in final 10 days

Vodafone Concept shares have traded in a variety of Rs 9.93-10.50 within the final 10 days. The telecom inventory had hit a 52-week excessive of Rs 13.80, earlier this yr, whereas a low of Rs 7.17 apiece on 16 July 2020. To this point this calendar yr, Vodafone Concept inventory has fallen 37 per cent. Based on information launched by Telecom Regulatory Authority of India (TRAI), Vodafone Concept gained 10.8 lakh clients throughout March 2021 (in comparison with the earlier month), as its buyer base jumped to twenty-eight.37 crore. Vodafone Concept witnessed subscriber additions for 2 straight months after dropping clients for round 16 months.

Vodafone Concept tops add velocity in Could

The highest 5 service suppliers constituted 98.82 per cent market share of the overall broadband subscribers. Amongst these service suppliers have been Reliance Jio (42.5 crore), Bharti Airtel (19.1 crore), Vodafone Concept (12.3 crore), TRAI stated. Furthermore, Reliance Jio continued to keep up management in 4G section with 20.7 megabit per second common obtain velocity, whereas Vodafone Concept topped the chart in add section with 6.7 mbps information velocity in Could. This was the primary time when TRAI clubbed a community velocity of Vodafone and Concept after their merger in August 2018, in accordance with PTI.

Vodafone Concept AGR dues stand at Rs 58,254 crore

Final yr in September, the Supreme Court docket had ordered that the telecom firms must pay their dues over a 10-year interval, after paying 10 per cent of the dues upfront by March 31, 2021. Thereafter, the deferred fee cycle would run until 2031 with the ten per cent quantity to be paid by March 31 yearly. Nevertheless, not one of the three firms — Bharti Airtel, Vodafone Concept and Tata Teleservices — paid the ten per cent of the due quantity on March 31, 2021. The whole dues of Vodafone stood at Rs 58,254 crore and it had paid Rs 7,854 crore. All of the three telecom operators had petitioned the apex courtroom looking for modification of its order in order that DoT can contemplate their submissions relating to arithmetical errors within the calculations relating to the AGR dues.

Vodafone Concept in its petition had said that the calculations made by DoT had errors like double counting, not contemplating funds already made, not adjusting for interconnect funds, and many others. It had stated that the surplus demand on account of these errors is to the tune of Rs 5,932 crore of principal quantity, which might have an total influence of over 4 instances on the overall principal quantity on account of imposition of curiosity, penalty and curiosity on penalty.