The share price of a Vodafone Idea Ltd company engaged in the business of Mobility and Long Distance services, trading of handsets and data cards has gone down by 6 percent in the day’s trading after a block deal worth Rs. 823 crore changed hands.
Price Movements
With a market cap of Rs 84,182 crores, the shares of Vodafone Idea Limited hit an intraday high at Rs 8.21, and slumped by upto 6 percent to Rs 7.45. The stock has delivered positive returns of over 8 percent in the last month.
What’s the News
Vodafone Idea Limited shares exchanged ownership at an average rate of Rs. 7.98 per share, with a total value of Rs. 823 crore. Buyers and sellers in the transaction are unknown; 103 crore shares, or 1.44% of the total outstanding equity, changed hands in the transaction.
About the company
Vodafone Idea Limited stands as the third-largest wireless operator in India, holding a Revenue Market Share of around 17.84 percent within the country’s mobile telecommunications sector as of the quarter ending December 2022.
It is a key player in the Indian telecom industry, providing a wide range of services including voice, data, enterprise solutions, and Value Added Services (VAS) like Short Messaging Services, Digital Services, IoT, and more.
Financials
The company reported a revenue of Rs 11,117 crores in Q3 FY25, up by 4.16 percent from its Q3 FY24 revenue of Rs 10,673 crores. It posted a net loss of Rs -6,609 crore in Q3 FY25, down by 5 percent from its Q3 FY24 net loss of Rs 6,986 crores.
Current shareholding pattern
Currently, as of March’25, the promoters hold 25.57 percent of the shares in the company, FII’s hold 6.56 percent, DII’s hold 3.41 percent of the shares in the company, the Government owns 49.02 p,ercent and the retail investors hold 15.44 percent of the shares in the company.
Written By Sanjay G
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
