Trending stocks: Vodafone Idea shares surge nearly 10%

NEW DELHI: Shares of Vodafone Idea Ltd. traded 9.96 per cent up in Monday's trade at 12:35PM (IST). Around 64,901,291 shares changed hands on the counter.

The scrip opened at Rs 9.2 and touched an intraday high and low of Rs 10.05 and Rs 9.07, respectively, in the session so far. The stock of Voda Idea Ltd. quoted a 52-week high of Rs 13.15 and a 52-week low of Rs 2.61.



Key Financials
The company reported consolidated 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 -0.4 and a price-to-book ratio of 0.14. 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.