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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Vodafone Idea Limited    IDEA   INE669E01016

VODAFONE IDEA LIMITED

(IDEA)
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Indian shares fall as COVID-19 count adds to weak sentiment; eyes on Vodafone Idea

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09/07/2020 | 02:31am EDT

BENGALURU, Sept 7 (Reuters) - Indian shares edged lower on Monday as the country became the second-worst hit with coronavirus cases and a continued selloff in Wall Street made investors jittery, while they awaited an announcement from Vodafone Idea Ltd later in the day.

Coronavirus infections surged past 4.2 million, making India overtake Brazil to be the country with the second-highest number of cases.

The blue-chip NSE Nifty 50 index was down 0.21% at 11,309.60, while the benchmark S&P BSE Sensex fell 0.19% to 38,284.65 as of 0459 GMT.

Japan's Nikkei fell 0.3% and China's blue-chip index slipped 0.2% on concerns of high valuations after Wall Street closed lower on Friday as a sell-off continued in technology stocks.

"As far as the Indian economy is concerned, we are seeing mixed signals as of now ... global sentiment is negative, institutional investors have started taking profits," said Anita Gandhi, director at Arihant Capital Markets.

"For work to resume and for normalcy to come, ultimately the number of (coronavirus) cases need to come in control," Gandhi added.

Vodafone Idea rose as much as 10%. The debt-laden company has scheduled a media announcement at 0630 GMT later in the day.

On Friday, the telecom service provider said it would raise up to 250 billion rupees ($3.41 billion) in fresh funds, as it tries to pay off hefty dues it owes to the government.

The Nifty energy index and the Nifty pharma index fell 0.46% and 0.56% respectively.

India's most valuable bank HDFC was the top drag on the Nifty, falling as much as 1.6%, while telecom infrastructure company Bharti Infratel Ltd rose as much as 5.2%. (Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Shounak Dasgupta)


Stocks mentioned in the article
ChangeLast1st jan.
BHARTI INFRATEL LIMITED -1.98% 188.35 Delayed Quote.-23.90%
EURO / BRAZILIAN REAL (EUR/BRL) -0.31% 6.6393 Delayed Quote.47.90%
HDFC BANK LIMITED -2.01% 1210.9 End-of-day quote.-4.81%
NIFTY 50 -1.36% 11767.75 Delayed Quote.-1.96%
NIKKEI 225 -0.09% 23494.34 Real-time Quote.-0.59%
SENSEX 30 -1.33% 40145.5 Real-time Quote.-1.38%
VODAFONE GROUP PLC -2.08% 110.2888 Delayed Quote.-23.28%
VODAFONE IDEA LIMITED -1.66% 8.9 Delayed Quote.47.15%
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Financials
Sales 2021 448 B 6 050 M 6 050 M
Net income 2021 -351 149 M -4 742 M -4 742 M
Net Debt 2021 1 404 B 18 964 M 18 964 M
P/E ratio 2021 -0,76x
Yield 2021 -
Capitalization 256 B 3 464 M 3 453 M
EV / Sales 2021 3,71x
EV / Sales 2022 3,40x
Nbr of Employees 17 621
Free-Float 29,6%
Chart VODAFONE IDEA LIMITED
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Vodafone Idea Limited Technical Analysis Chart | IDEA | INE669E01016 | MarketScreener
Technical analysis trends VODAFONE IDEA LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 21
Average target price 7,34 INR
Last Close Price 8,90 INR
Spread / Highest target 91,0%
Spread / Average Target -17,6%
Spread / Lowest Target -88,8%
EPS Revisions
Managers
NameTitle
Ravinder Takkar Chief Executive Officer, Director & MD
Kumar Mangalam Birla Non-Executive Chairman
Ambrish Pandey Jain Chief Operating Officer
Akshaya Moondra Chief Financial Officer
Vishant Vora Chief Technology Officer
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