Vodafone Idea snaps 6-day losing streak

Vodafone Idea rose 1.34% to Rs 9.85 at 11:42 IST on BSE on bargain hunting after a recent slide.

Meanwhile, S&P BSE Sensex was up 107.56 points or 0.28% at 37,938.54.

The counter witnessed huge volumes. On BSE, 12.75 crore shares were traded in Vodafone Idea counter, compared to a 2-week average of 1.74 crore shares.

The stock hit an intraday high of Rs 10. It hit an intraday low of Rs 9.52, which is also 52-week low for the counter. It hit a 52-week high of Rs 36.78 on 27 July 2018.

Shares of Vodafone Idea plunged 18.79% in the past six trading sessions to settle at Rs 9.72 yesterday, 25 July 2019, from its close of Rs 11.97 on 17 July 2019.

On a consolidated basis, Vodafone Idea reported a net loss of Rs 3,736.32 crore in Q4 March 2019 as compared to a net loss of Rs 962.20 crore in Q4 March 2018. Net sales surged 91.8% to Rs 11,740.60 crore in Q4 March 2019 over Q4 March 2018.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is an Indian telecom service provider. The company provides pan-India voice and data services across 2G, 3G and 4G platforms.

Powered by Capital Market - Live News