NEW DELHI: Shares of Vodafone Idea Ltd. traded 4.31 per cent down in Tuesday’s trade at 10:17AM (IST). Around 33,522,534 shares changed hands on the counter.
The stock opened at Rs 12.49 and touched an intraday high and low of Rs 12.55 and Rs 11.53, respectively, in the session so far. Shares of the company of Vodafone Idea Ltd. quoted a 52-week high of Rs 13.45 and a 52-week low of Rs 2.61.
Total market cap of the Vodafone Idea Ltd. stood at Rs 33850.29 crore at the time of writing this report.
Debt-ridden telecom operator Vodafone Idea on Monday said it will seek shareholders’ approval to raise borrowing limit to Rs 1 lakh crore, at the annual general meeting (AGM) scheduled to be held on September 30.
The company reported consolidated net 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 25460.0 crore, up 422.37 per cent from the same quarter a year ago.
As of 30-Jun-2020, DIIs held 2.75 per cent stake in the firm, while foreign institutional investors held 7.19 per cent and the promoters 18.48 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of -0.36 and a price-to-book ratio of 5.66. 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.