Sell Vodafone Idea, target price Rs 5: ICICI Securities

ICICI Securities has given a sell rating to Vodafone Idea with a target price of Rs 5. The share price moved up by 0.48 per cent from its previous close of Rs 8.38. The stock’s last traded price is Rs 8.42.

Vodafone Idea Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 24425.08 Crore) operating in Telecommunications sector.

Financials

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 10788.20 Crore, up 1.24 % from last quarter Sales of Rs 10655.70 Crore and down -.51 % from last year same quarter Sales of Rs 10844.00 Crore. Company reported net profit after tax of Rs -7303.90 Crore in latest quarter.