Vodafone Idea re-enters top-100 most-valued firms list, zooms 129% in 1 mth

by mehekkaoberoi
  • Vodafone Idea has re-entered the elite club of top-100 most valued Indian companies in terms of market valuation as the stock price of the telecom services provider more-than-doubled in the past one month.
  • Vodafone Idea is promoted by British telecoms giant Vodafone Plc and Indian Aditya Birla group.
  • With market capitalisation (m-cap) of Rs 26,522 crore, Vodafone Idea stood at number 96th position in the overall m-cap ranking at 09:27 am, the BSE data shows.
  • The company has seen Rs 14,625 crore m-cap addition in the past one month and notched up 75 positions from 171th position as on May 5, 2020.
  • The company fell out from the top 200 positions and was at 243rd ranking with an all-time low m-cap of Rs 8,477 crore on November 11, 2019.
  • However, in the past one month, Vodafone Idea surpassed United Breweries, Whirlpool of India, Honeywell Automation of India, Power Grid Corporation, Pfizer, Adani Transmission, ACC, PI Industries, Bank of Baroda and Jubilant FoodWorks in market-cap ranking.
  • The stock has, so far, surged 10 per cent to Rs 9.49 in the intra-day trade today on the BSE. It trades in the futures & option (F&O) segment and thus has no circuit limits.
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