Sun. Jan 29th, 2023

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Vodafone shares slumps by 8%

1 min read

Vodafone Idea shares fell 8% in Monday’s early trade. On Friday, the telecom giant elucidated that currently there is no scheme from tech major Google to acquire a stake in the company. However, it is evaluating opportunities for enhancing the stakeholders’ value.

The scrip hit an intraday low of Rs 6.03 against the previous close of Rs 6.56. On the other hand, the benchmark BSE Sensex advanced over 2% to 33,286.

The clarification by Vodafone Idea to the BSE came after reports that Alphabet Inc’s Google is eyeing about 5 per cent stake in the telecom company.

Vodafone Idea said on Friday, “As part of the corporate strategy, the company constantly evaluates various opportunities for enhancing the stakeholders’ value. As and when such proposals are considered by the board of directors of the company warranting disclosures, the company shall comply with the disclosure obligations.”

Vodafone Idea advanced nearly 35 per cent intraday on Friday after the news reports. However, it pared gains to end nearly 13% higher after the clarification on the media reports.


Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.