According to a Motilal Oswal report, the growth in gross subscriber base has been flattish for the last nine months. Vodafone India Limited lost 1.3 million subscribers, Reliance Jio gained 3.9 million and Bharti Airtel gained 1.5 million subscribers.
The TRAI report for June had observed a loss of 12.9 lakh subscribers from Vodafone Idea. As per the recent numbers for July, the company’s market share in the wireless subscribers segment now stands at 19.92 percent.
Vodafone Idea Ltd lost 2.56% today to trade at Rs 11.43. The S&P BSE Tech index is down 0.7% to quote at 14919.05. The index is up 8.03 % over last one month. Among the other constituents of the index, Indus Towers Ltd decreased 1.94% and Tata Teleservices (Maharashtra) Ltd lost 1.33% on the day. The S&P BSE Tech index went up 17.49 % over last one year compared to the 14.97% surge in benchmark SENSEX. Vodafone Idea Ltd has added 50% over last one month compared to 8.03% gain in S&P BSE Tech index and 4.16% rise in the SENSEX. On the BSE, 208.22 lakh shares were traded in the counter so far compared with average daily volumes of 793.88 lakh shares in the past one month. The stock hit a record high of Rs 12.4 on 18 Sep 2023. The stock hit a 52-week low of Rs 5.7 on 31 Mar 2023.