VODAFONE IDEA Plunges by 5%; BSE 500 Index Up 0.2%
March 18, 2019 03:24 PM

VODAFONE IDEA share price has plunged 5% and is presently trading at Rs 34.

Meanwhile, the BSE 500 Index is at 15,163 (up 0.2%).

Among the top losers in the BSE 500 Index today are VODAFONE IDEA (down 5.0%) and IFB INDUSTRIES LTD (down 5.2%).

PRESTIGE ESTATES (up 16.2%) and BOMBAY DYEING (up 9.1%) are among the top gainers today.

Over the last one year, VODAFONE IDEA has moved down from Rs 80 to Rs 34, registering a loss of Rs 46 (down 57.4%)..

The BSE 500 has moved up from 14,470 to 15,163, registering a gain of 693 points (up 4.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 100.7%), BATA INDIA (up 88.7%) and ADANI POWER (up 76.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,370 (up 0.3%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 2.5%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 11,530 (up 0.4%). HPCL (up 3.6%) and IOC (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,686 to 38,370, registering a gain of 4,684 points (up 13.2%).

VODAFONE IDEA Financial Update...

VODAFONE IDEA net profit stood at Rs 50 billion for the quarter ended December 2018, compared to a profit of Rs 13 billion a year ago. Net Sales rose 80.7% to Rs 117.6 billion during the period as against Rs 65.1 billion in October-December 2017.

For the year ended March 2018, VODAFONE IDEA reported 446.6% increase in net profit to Rs 44.9 billion compared to net profit of Rs 8.2 billion during FY17.

Revenue of the company grew 20.5% to Rs 283 billion during FY18.

The current Price to earnings ratio of VODAFONE IDEA, based on rolling 12 month earnings, stands at 11.1x.