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    Stock market news: Vodafone Idea shares slide nearly 3%

    Synopsis

    A total of 57,887,439 shares changed hands on the counter till 12:27PM (IST).

    Shares of Vodafone Idea quoted a 52-week high of Rs 13.45 and a 52-week low of Rs 2.61.

    Related Companies

    NSE
    BSE

    PEER COMPANIES

    NEW DELHI: Shares of Vodafone Idea Ltd. traded 2.71 per cent down in Thursday's trade at 12:27PM (IST). Around 57,887,439 shares changed hands on the counter.

    The stock opened at Rs 8.9 and touched an intraday high and low of Rs 9.12 and Rs 8.55, respectively, in the session so far. Shares of the company of Vodafone Idea Ltd. quoted a 52-week high of Rs 13.45 and a 52-week low of Rs 2.61.

    Total market cap of the Vodafone Idea Ltd. stood at Rs 25229.67 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 10655.7 crore for the quarter ended 30-Jun-2020, down 9.2 per cent from previous quarter's Rs 11735.6 crore and down 5.41 per cent from the year-ago quarter's Rs 11264.7 crore.

    The net loss for latest quarter stood at Rs 25460 crore, up 422.37 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 30-Jun-2020, DIIs held 2.75 per cent stake in the company, while foreign institutional investors held 7.19 per cent and the promoters 18.48 per cent.

    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of -0.27 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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