Vodafone Idea Ltd.'s share price gained 1.45% after the company reported its fourth quarter earnings.
The stock rose even as the telecom firm reported a net loss of Rs 7,166 crore during the January-March quarter, compared to Rs 6,609 crore. Its consolidated revenue for the quarter fell 1% to Rs 11,013 crore, compared to Rs 11,117 crore in the previous quarter.
Its earnings before interest, taxes, depreciation, and amortisation also saw a slight decrease of 1.1%, settling at Rs 4,660 crore versus Rs 4,712 crore in the prior quarter.
Despite this, the Ebitda margin remained relatively stable at 42.3%, slightly above Bloomberg's estimate of 41.4%.
Vodafone Idea Share Price Today
Shares of Vodafone rose as much as 1.45% to Rs 7.02 apiece. They pared gains to trade 0.72% higher at Rs 6.97 apiece, as of 10:15 a.m. This compares to a 0.75% decline in the NSE Nifty 50.
The stock has fallen 56.44% in the last 12 months. Total traded volume so far in the day stood at 6.3 times its 30-day average. The relative strength index was at 47.
Out of 21 analysts tracking the company, five maintain a 'buy' rating, four recommend a 'hold' and 12 suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 21%.
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