Trending stocks: Vodafone Idea shares jump over 8%

Trending stocks: Vodafone Idea shares jump over 8%
ETMarkets.com
Synopsis

A total of 13,449,303 shares changed hands on the counter till 09:29AM (IST).

Total market cap of the Vodafone Idea Ltd. stood at Rs 27241.15 crore at the time of writing this report. 

NEW DELHI: Shares of Vodafone Idea Ltd. traded 8.45 per cent up in Monday's trade at 09:29AM (IST). Around 13,449,303 shares changed hands on the counter.

The counter opened at Rs 9.48 and touched an intraday high and low of Rs 9.68 and Rs 9.2, respectively, in the session so far. Shares of the company of Vodafone Idea Ltd. quoted a 52-week high of Rs 12.62 and a 52-week low of Rs 2.61.

Total market cap of the Vodafone Idea Ltd. stood at Rs 27241.15 crore at the time of writing this report.

Telecom major Vodafone Idea said it has paid the telecom department Rs 1000 crore more, its third tranche towards adjusted gross revenue (AGR) dues, taking the total amount paid to the government so far to Rs 7854 crore.

Key Financials
The company reported consolidated net sales of Rs 11735.6 crore for the quarter ended 31-Mar-2020, up 5.83 per cent from previous quarter's Rs 11089.4 crore and up 0.04 per cent from the year-ago quarter's Rs 11740.6 crore.

The net loss for latest quarter stood at Rs 11643.5 crore, up 138.5 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 4.52 per cent stake in the company, while foreign institutional investors held 8.82 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 -0.37 and a price-to-book ratio of 4.56. 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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