Trending stocks: Vodafone Idea shares down over 3%

NEW DELHI: Shares of Vodafone Idea Ltd. traded 3.41 per cent down in Friday's trade at 09:42AM (IST). Around 32,897,118 shares changed hands on the counter.

The counter opened at Rs 8.46 and touched an intraday high and low of Rs 9.24 and Rs 8.11, respectively, in the session so far. Shares of the company of Vodafone Idea Ltd. quoted a 52-week high of Rs 13.15 and a 52-week low of Rs 2.61.

Total market cap of the Vodafone Idea Ltd. stood at Rs 25114.73 crore at the time of writing this report.


Vodafone Idea is considering offering its spectrum, tangible assets and tax refunds as security to the Supreme Court, which asked it to show how it will pay their statutory dues, senior executives said.


Key Financials
The company reported consolidated net sales of Rs 11089.4 crore for the quarter ended 31-Dec-2019, up 2.26 per cent from previous quarter's Rs 10844.0 crore and up 5.63 per cent from the year-ago quarter's Rs 11751.6 crore.

The net loss for latest quarter stood at Rs 6438.8 crore, up 28.66 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 4.52 per cent stake in the firm, while foreign institutional investors held 8.82 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 -0.37 and a price-to-book ratio of 0.13. 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.