The counter opened at Rs 12.18 and touched an intraday high and low of Rs 12.25 and Rs 12.03 respectively in the session so far. Shares in the company in Vodafone Idea Ltd. quoted a 52 weeks high of Rs 13.8 and a 52-week low of Rs 2.83.
We plan to fold its 3G services along with FY22 as it offers to move towards becoming 4G-focused telco in an effort to increase revenue, though it will keep its 2G services running for years as it has a large segment of basic telephone subscribers.
Total market value of Vodafone Idea Ltd. stood at Rs 34856.03 crore at the time of writing this report.
The company reported consolidated sales of Rs 10933.5 crore in the quarter ended December 31, 2020, an increase of 0.95 percent from the previous quarter Rs 10830.5 crore and an increase of 3.93 percent from the quarter last year, Rs 11380.5 crore.
The net loss for the last quarter was 4532.1 crore, a decrease of 29.61 percent from the corresponding quarter last year.
As of December 31, 2020, domestic institutional investors owned 0.96 percent of the shares in the company, while foreign institutional investors owned 6.08 percent and the promoters 18.48 percent.
According to BSE data, the stock is trading at a price-to-earnings multiple of -0.71 and a price-to-book ratio of 1.49. A higher P / E ratio shows that investors are willing to pay a higher price due to better future expectations for growth. Price-to-book value indicates a company’s intrinsic value and is the measure of the price that investors are willing to pay, even without growth in the company.
Vodafone Idea Ltd. belongs to the telecommunications service industry.
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