Vodafone Idea Ltd. (NSE: IDEA) witnessed significant market activity today, marked by substantial share transactions and a notable decline in stock performance. The company’s stock closed at ₹7.46, down 0.47 (5.93%) from its previous close of ₹7.93, as per the latest market summary at 3:30 pm IST.
Major Share Transactions
Nokia Solutions and Networks India sold 103 crore shares of Vodafone Idea, amounting to ₹786 crore, at an average price of ₹7.65 per share. This large-scale transaction suggests a strategic divestment by the vendor. Concurrently, Goldman Sachs acquired 60 crore shares for ₹458 crore, indicating ongoing interest from institutional investors despite the stock’s downward trend.
Stock Performance
The stock opened at ₹7.95 and hit a high of ₹8.21 during the day, but it steadily declined to its closing value of ₹7.46, with a low of ₹7.43. The market capitalization stands at ₹80,83K crore, with a 52-week high of ₹19.18 and a 52-week low of ₹6.61. The intraday chart reflects a volatile session, with the stock unable to sustain early gains.
Market Context
Today’s activity follows reports of a 1.44% equity change worth ₹823 crore in block deals, as noted in real-time market updates. This movement underscores the fluid investor sentiment surrounding Vodafone Idea, a company formed in 2018 through the merger of Vodafone India and Idea Cellular.
