VODAFONE IDEA Surges by 10%; BSE 500 Index Up 0.4%
November 4, 2019 09:22 AM

VODAFONE IDEA share price has zoomed 10% and is presently trading at Rs 5.

Meanwhile, the BSE 500 Index is at 15,478 (up 0.4%).

Among the top Gainers in the BSE 500 Index today is VODAFONE IDEA (up 10.0%).

VINATI ORGANICS and BAJAJ ELECTRICALS are among the top losers today.

Over the last one year, VODAFONE IDEA has moved down from Rs 23 to Rs 5, registering a loss of Rs 19 (down 79.8%).

On the other hand, the BSE 500 has moved up from 13,916 to 15,478, registering a gain of 1,562 points (up 11.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were MANAPPURAM FINANCE (up 120.0%), ADANI GREEN ENERGY (up 119.3%) and RELIANCE NIPPON LIFE ASSET MANAGEMENT LTD (up 109.5%).

What About the Benchmark Indices?

The BSE Sensex is at 40,336 (up 0.4%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 4.0%), TATA STEEL (up 3.2%) and BHARTI AIRTEL (up 1.4%). Other gainers include ICICI BANK (up 0.9%) and ITC (up 0.9%). The most traded stocks in the BSE Sensex are VEDANTA LTD and TATA STEEL.

In the meantime, NSE Nifty is at 11,959 (up 0.6%). BHARTI INFRATEL (up 5.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,432 to 40,336, registering a gain of 5,904 points (up 17.1%).

VODAFONE IDEA Financial Update...

VODAFONE IDEA net profit down at Rs 49 billion for the quarter ended June 2019, compared to a loss of Rs 50 billion a year ago. Net Sales declined 4.2% to Rs 112.7 billion during the period as against Rs 117.6 billion in April-June 2018.

For the year ended March 2019, VODAFONE IDEA reported 248.6% increase in net profit to Rs 156.5 billion compared to net profit of Rs 44.9 billion during FY18.

Revenue of the company grew 31.0% to Rs 370 billion during FY19.

The current Price to earnings ratio of VODAFONE IDEA, based on rolling 12 month earnings, stands at down 0.4x.