Trending stocks: Vodafone Idea leaps nearly 8%

NEW DELHI: Shares of Vodafone Idea Ltd. traded 7.62 per cent up in Monday’s trade at 11:24AM (IST). Around 66,387,010 shares changed hands on the counter.

The counter opened at Rs 8.51 and touched an intraday high and low of Rs 9.24 and Rs 8.42, 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 26494.03 crore at the time of writing this report.

Key Financials

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.

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 -0.28 and a price-to-book ratio of 4.43. 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.