On December 16, 2024, Vodafone Idea’s share price on the NSE opened at ₹7.82 and touched a high of ₹8.07 and a low of ₹7.68 during the trading day. The stock closed at ₹7.99, marking a 1.52% increase from its previous closing price of ₹7.87. This performance comes in the context of recent news about the Union Cabinet approving a proposal to waive bank guarantees for telecom operators for spectrum purchases up to 2022, which positively influenced the stock’s movement. However, the company’s financial health remains under scrutiny as it reported a narrowed year-on-year consolidated net loss in Q2 FY25, with a net loss of Rs 7,175.9 crore compared to Rs 8,737.9 crore the previous year.
About Vodafone Idea
Vodafone Idea Limited is an India-based telecom service provider. It provides pan-India voice and data services across second-generation (2G), third generation (3G) and fourth generation (4G) platforms. Its Vodafone Idea business services provide communication solutions to global and Indian corporations, public sector and government bodies, small and medium enterprises, and start-ups. It offers voice services, broadband services, and content and digital offerings. Its other services include entertainment services, such as sports, interactive voice response (IVR)- based content, wireless application protocol (WAP)-based games; voice and short message service (SMS)-based services, such as caller tunes, voice and SMS chat, star talk, expert advice, and subscriptions services; and utility services, such as missed call alerts, doctor on call and astrology services. Its subsidiaries include Vodafone Idea Manpower Services Limited, Vodafone Idea Business Services Limited, among others.
