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

    Synopsis

    A total of 36,714,089 shares changed hands on the counter till 01:36PM (IST).

    Total market cap of the Vodafone Idea Ltd. stood at Rs 30689.4 crore at the time of writing this report.

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    NEW DELHI: Shares of traded 1.23 per cent up in Monday's trade at 01:36PM (IST). Around 36,714,089 shares changed hands on the counter.

    The scrip opened at Rs 10.65 and touched an intraday high and low of Rs 10.85 and Rs 10.53, 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 2.91.

    Total market cap of the Vodafone Idea Ltd. stood at Rs 30689.4 crore at the time of writing this report.

    Key Financials
    The company reported consolidated 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 same quarter a year ago.

    Shareholding pattern
    As of 31-Dec-2020, domestic institutional investors held 0.96 per cent stake in the company, 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 -0.63 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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