Reduce Vodafone Idea, target price Rs 8: Yes Securities

Yes Securities has reduce call on Vodafone Idea with a target price of Rs 8. The current market price of Vodafone Idea Ltd. is Rs 8.67.

Vodafone Idea Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 24712.43 Crore) operating in Telecommunications sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 9647.80 Crore, down -11.76 % from last quarter Total Income of Rs 10933.50 Crore and down -19.06 % from last year same quarter Total Income of Rs 11920.40 Crore. Company reported net profit after tax of Rs -7022.60 Crore in latest quarter.