Trending stocks: Vodafone Idea stock price rises over 3%

NEW DELHI: Shares of Vodafone Idea traded 3.53 per cent up in Thursday 's trade at 09:50AM (IST).

Around 164515087 shares changed hands on the counter. The stock opened at Rs 4.5 and touched an intraday high and low of Rs 4.65 and Rs 4.35 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 22.55 and a 52-week low of Rs 2.9 .


A year after its mega $3.6 billion rights issue, Vodafone Group Plc is likely to infuse fresh capital into Vodafone Idea Ltd (VIL) to deal with operational requirements, including settling adjusted gross revenue (AGR) dues and taking on deep-pocketed rivals, said two people in the know.

Financials
Vodafone Idea Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 12183.80 Crore) operating in Telecommunications sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 11089.40 Crore, up 2.26 % from last quarter Sales of Rs 10844.00 Crore and down -5.63 % from last year same quarter Sales of Rs 11751.60 Crore. The Company reported net profit after tax of Rs -6538.70 Crore in latest quarter.

Vodafone Idea Ltd. key Products/Revenue Segments include Telecommunication Services which contributed Rs 36766.80 Crore to Sales Value (99.75 % of Total Sales) and Other Operating Revenue which contributed Rs 92.00 Crore to Sales Value (0.24 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 72.05025 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of -0.19 and price to book value of 0.07 .