Under Rs 20: FIIs Bought 726 Crore & DIIs Purchased 355 Crore Shares of This Low-Price Telecom Company; Stock Gains Over 100 per cent in Just 1 Year

The company’s shares have delivered an impressive return of over 105 per cent in the past 1 year.

Vodafone Idea is one of the leading telecom service providers in India, specializing in Mobility and Long-Distance services. The company is also involved in the trading of handsets and data cards.

On Friday, Vodafone Idea shares closed at Rs 15.88 per share. The company’s current market capitalization stands at Rs 107791.67 crore. The stock has delivered a multibagger return of over 105 per cent in just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, Vodafone Idea recorded a revenue of Rs 10607 crore. The operating profit for Q4 FY24 stood at Rs 4333 crore. The net loss for Q4 FY24 was Rs 7675 crore. Looking at the annual performance, the company generated a revenue of Rs 42652 crore in FY24, compared to Rs 42177 crore in FY23. The operating profit for FY24 was Rs 17120 crore, with a net loss of Rs 31238 crore.

According to the shareholding pattern of Vodafone Idea, promoters own 38.17 per cent, while FIIs and DIIs own 12.67 per cent and 7.44 per cent, respectively, with the remaining 17.89 per cent held by public or retail investors.

As per the latest update, FIIs and DIIs stake increased their stake from 1.97 per cent to 12.67 per cent and from 2.20 per cent to 7.44 per cent respectively in the June quarter of FY25.

Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.