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    Stock market news: Vodafone Idea share price falls over 1%

    Synopsis

    A total of 34,310,770 shares changed hands on the counter till 01:59PM (IST).

    Total market cap of the Vodafone Idea stood at Rs 31723.87 crore at the time of writing this report.

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    NEW DELHI: Shares of Vodafone Idea traded 1.16 per cent down in Thursday's trade at 01:59PM (IST). Around 34,310,770 shares changed hands on the counter.

    The stock opened at Rs 11.01 and touched an intraday high and low of Rs 11.15 and Rs 10.9, respectively, in the session so far. Shares of the company of Vodafone Idea quoted a 52-week high of Rs 13.8 and a 52-week low of Rs 2.91.

    Total market cap of the Vodafone Idea stood at Rs 31,723.87 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 10,933.5 crore for the quarter ended 31-Dec-2020, up 0.95 per cent from previous quarter's Rs 10,830.5 crore and up 3.93 per cent from the year-ago quarter's Rs 11,380.5 crore.

    The net loss for latest quarter stood at Rs 4,532.1 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 -0.65 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 belongs to the Telecommunications - Service industry.
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