Share price of vodafone idea bse

The loss-making company, which has a cash balance of Rs 250 crore as of September 30, has been in talks with a slew of private equity players such as Apollo Global for equity and debt funding, as it looks to turn around operations, reports said. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. • 5,218.75 03:58 PM | 15 Jun 2023 209.75 (4.19%) 3,581.05 03:58 PM | 15 Jun 2023 95.10 (2.73%) 4,803.45 03:54 PM | 15 Jun 2023 104.45 (2.22%) 998.20 03:58 PM | 15 Jun 2023 19.50 (1.99%) • 2,843.05 03:59 PM | 15 Jun 2023 -88.55 (-3.02%) 1,297.10 03:57 PM | 15 Jun 2023 -26.15 (-1.98%) 388.95 03:59 PM | 15 Jun 2023 -7.50 (-1.89%) 566.50 03:59 PM | 15 Jun 2023 -10.05 (-1.74%)

“The telecom industry grew by 1.4 per cent quarter-on-quarter (QoQ) in the March quarter of FY23, led by ARPU (average revenue per user) growth of 1.5 per cent QoQ against average 3 per cent QoQ growth in the last 8 quarters," Motilal Oswal said citing Telecom Regulatory Authority of India data. Industry subscriber growth was flat, indicating the underlying trend of consolidation of dual sim cards in the market, and upgrade from 2G to 4G, the domestic brokerage added. Vodafone Idea gained 120 basis points market share in Mumbai to 24.7 per cent, partly attributed to the decrease in the 2G validity plan to 15 days from 28 days, gaining 7 per cent higher ARPU QoQ. “The significant amount of cash required to service debt leaves limited upside opportunities for equity holders, despite the high operating leverage opportunity from any ARPU increase,” the domestic brokerage said in its valuation note on Vodafone Idea. The current low EBITDA will make it challenging for the company to service the debt without an external fund infusion, Motilal Oswal said, retaining a ‘neutral’ stance on the stock with a target of Rs 7 apiece. According to a Zee Business analyst, the telecom company’s business is likely to revive with Rs 14,000 crore capital raising plan. Promoters Aditya Birla Group and Vodafone UK together may contribute Rs 7,000 crore in the joint venture Vodafone Idea. In a Q4 conference call, the management said that talks with three investors are at an advanced stage, besides...

As per the plan submitted to the government, Aditya Birla Group and Vodafone Group will soon invest fresh equity worth ₹2,000 crore in the telco. They will work with the company to raise another ₹7,000 crore either as direct equity or through convertible structures from external investors, the report said. Also read: CDSL share price slumps over 4% amid block deal buzz; check details It is to be noted that the promoters of Vodafone Idea have already invested ₹5,000 crore as fresh equity since the government's telecom revival package in September 2021. In the last three months, Vodafone ₹8.17 apiece on the BSE. Catch Live Market Updates here

Thursday’s wild swings in the share price of Vodafone idea baffled many savvy traders in the stock market. After three consecutive days of sharp fall, the stock witnessed a sudden change of fortune and recouped nearly 25 percent from the low levels seen on Thursday. A government announcement that could benefit Vodafone Plc may be known to some high networth traders during the market hours, brokers told BusinessLine . Vodafone has been the highest traded counter in the Indian equity market since news about its promoter-director Kumar Mangalam Birla’s letter to the government and his subsequent resignation came out. In just three days, Vodafone idea crashed by nearly 50 percent from its high of around ₹9 on Monday to touch a low of ₹4.5 on Thursday. However, on Thursday, before a significant development in India’s Parliament that could chiefly benefit Vodafone Plc — the largest promoter of Vodafone-Idea — the share price of the company bounced back to close at around ₹6 from the day’s low of ₹4.5. Post the market closing on Thursday, Finance Minister Nirmala Sitharaman introduced the Taxation Laws (Amendment) Bill in Lok Sabha. Vodafone Plc has emerged as the chief beneficiary of the Bill, experts said. The Bill proposes to amend the Income-tax Act, 1961 post which no tax demand will be raised in future on the basis of retrospective amendment for any indirect transfer of Indian assets, if the transaction was undertaken before 28th May, 2012. Tax demand The government has had...

Sector Telecom Compare with Sector peers Industry Telecommunication - Service Provider Compare with Industry peers Website http://www.vodafoneidea.com Market Cap 38,067.52 Cr. Enterprise Value(EV) 238,798.12 Cr. 2023-03 Financial Indicators • Consolidated • Standalone Earnings per share (EPS) -6.02 Trailing Twelve Months Ending 2023-03 Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2023-03 Industry PE - Trailing Twelve Months Ending 2023-03 Book Value / Share -15.35 Trailing Twelve Months Ending 2023-03 Price to Book Value -0.51 Calculated using Price: 7.82 Dividend Yield 0.00 Period Ending 2022-03 No. of Shares Subscribed 4,867.97 Cr. 48,679,689,205 Shares FaceValue 10 About Vodafone Idea Ltd. The Company is engaged in the business of Mobility and Long Distance services, trading of handsets and data cards. It is offering voice, data, enterprise services and other value added services (VAS), including short messaging services, digital services, IoT etc. 9 years 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 Return on Equity (%) 12.78 16.17 9.94 -3.42 -17.34 -34.12 -226.73 Return on Capital Employed (%) 12.24 13.77 9.88 3.85 -2.26 -6.52 -30.42 -19.99 -5.33 Return on Assets (%) 4.75 5.97 3.28 -0.93 -4.63 -9.35 -33.27 -20.66 -14.21 Particulars 10 years 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03* Rs. Cr. Shh. Funds 16,527 23,029 23,550...

As per the report, the plan is submitted to the government earlier this month and that ABG and Vodafone Group will soon invest Rs 2,000 crore as fresh equity in the company. The report noted that promoters have already invested Rs 5,000 crore as fresh equity since the government's telecom revival package in September 2021. Watch: The ET report said the promoters will work with the company as part of the revival plan to raise another Rs 7,000 crore either as direct equity or through convertible structures from external investors. To recall, Kumar Mangalama Birla, the chairperson of Aditya Birla Group, returned to the board of Vodafone Idea as an additional director (non-executive and non-independent) with effect from April 20. The move turned sentiment positive around the telecom stock. Data showed mutual funds upped holding in Vodafone Idea to 28.64 crore shares in May from 20.48 crore shares a month ago. Mutual fund managers managed Rs 206 crore worth Vodafone Idea shares as on May 31 against Rs 142 crore as on April 30. Watch: Watch: Watch: Also Watch: