Vodafone Idea share price bounces back, gains over 18%
2 min readAfter two days of low performance, the price of the Vodafone’s idea action jumped more than 18 percent intraday on August 18.
The action, together with other telecommunications careers, was under pressure after the Supreme Court (SC) of India, on July 23, rejected the request for a reopening of the fees related to the adjusted gross income (AGR).
At its appeal, telecommunications races increased the topic of alleged errors in the calculation in the number of indelited quotas required by the Telecommunications Department (DOT).
According to the DOT, Bharti Airtel must over RS 43,000 Crore As Dues, while the idea of Vodafone has a balance payment of more than RS 50,000 million rupees.
Vodafone cell idea (VI) On August 14 reported a loss of RS 7.319.1 Crore for the first quarter of FY 2021-22.
VI in its quarterly report (April-June 2021) stated that revenues decreased 4.7 percent of QOQ to RS 91.5 billion due to the deceleration of economic activities due to blocks / restrictions in several districts during the second wave of Covid-19.
Reportedly, EBITDA for the quarter was RS. 37.1 billion, with EBITDA margins at 40.5 percent compared to 45.9 percent in Q4FY21, the firm said. However, its net worth is RS negative at 455,409 million.
Vodafone’s idea said that his total debt was RS 1.91 Lakh Crore. This includes deferred Spectrum Obligations of RS 1,060.1 billion and enviability of RS 621.8 billion that are due to the Government.
It owes banks and financial institutions RS 234 billion. The equivalents of cash and cash were RS 9.2 billion and the net debt was located in RS 1,906.7 billion.
The idea of Vodafone closed RS 6.45, UP RS 0.71, or 12.37 percent at BSE.
Participation touched a maximum of 52 weeks of RS 13.80 and a minimum of 52 weeks of RS 4.55 on January 15, 2021 and August 05, 2021, respectively.
Currently, 53.26 percent is being marketed below its 52 weeks high and 41.76 percent above their minimum of 52 weeks.
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