Stock market news: Vodafone Idea shares down 3.78%

Stock market news: Vodafone Idea shares down 3.78%
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Synopsis

A total of 127,095,302 shares changed hands on the counter till 12:54PM (IST).

Total market cap of the Vodafone Idea Ltd. stood at Rs 33246.85 crore at the time of writing this report.

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NEW DELHI: Shares of traded 3.78 per cent down in Thursday's trade at 12:54PM (IST). Around 127,095,302 shares changed hands on the counter.

The stock opened at Rs 11.95 and touched an intraday high and low of Rs 11.95 and Rs 11.45, respectively, in the session so far. Shares of the company of Vodafone Idea Ltd. quoted a 52-week high of Rs 13.8 and a 52-week low of Rs 2.7.

Total market cap of the Vodafone Idea stood at Rs 33246.85 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 10933.5 crore for the quarter ended 31-Dec-2020, up 0.95 per cent from previous quarter's Rs 10830.5 crore and up 3.93 per cent from the year-ago quarter's Rs 11380.5 crore.

The net loss for latest quarter stood at Rs 4532.1 crore, down 29.61 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2020, domestic institutional investors held 0.96 per cent stake in the firm, while foreign institutional investors held 6.08 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 -0.68 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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