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Vodafone Idea bounces back with vengeance

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Capital Market

Vodafone Idea jumped 12.76% to Rs 5.48 on bargain hunting after a recent slump.

Meanwhile, S&P BSE Sensex was down 454.90 points or 1.24% at 36,108.98.

Shares of Vodafone Idea tanked 15.18% in the past five trading sessions to settle at Rs 4.86 yesterday, 18 September 2019, from its close of Rs 5.73 on 11 September 2019.

On BSE, 259.29 lakh shares were traded in Vodafone Idea counter, compared to a 2-week average of 141.42 lakh shares. The stock hit an intraday high of Rs 5.68 and an intraday low of Rs 4.87.

It hit a 52-week high of Rs 28.42 on 19 September 2018 and a 52-week low of Rs 4.83 on 13 August 2019.

 

On a consolidated basis, Vodafone Idea reported net loss of Rs 4,067.01 crore in Q1 June 2019 compared with net loss of Rs 2,757.60 crore in Q1 June 2018. Net sales surged 92% to Rs 11,264.70 crore in Q1 June 2019 over Q1 June 2018.

Vodafone Idea, formerly Idea Cellular, is a telecom service provider whose offerings include consumer and enterprise.

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First Published: Sep 19 2019 | 12:27 PM IST

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