Stock market news: Vodafone Idea shares surges 9%

Stock market news: Vodafone Idea shares surges 9%
ETMarkets.com
Synopsis

A total of 111,439,435 shares changed hands on the counter till 11:47AM (IST).

The shares of Vodafone Idea quoted a 52-week high of Rs 12.62 and a 52-week low of Rs 2.61.

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NEW DELHI: Shares of Vodafone Idea Ltd. traded 8.48 per cent up in Thursday's trade at 11:47AM (IST). Around 111,439,435 shares changed hands on the counter.

The stock opened at Rs 10.5 and touched an intraday high and low of Rs 11.25 and Rs 10.45, respectively, in the session so far. The stock 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 30718.13 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 same quarter a year ago.

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 -0.33 and a price-to-book ratio of 5.14. 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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1 Comment on this Story

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