Vodafone Idea share price drops 6.5% after Q3 results, hits 3-week low. Should you buy, sell or hold?
By
Neha Kumari
Stock Market Today: Shares of Vodafone Idea tumbled 6.5% in early morning trade on Wednesday, February 12, hitting a three-week low of ₹8.21 apiece. This decline came as the debt-ridden telecom firm missed analysts’ revenue estimates in the December quarter, even as it reported a smaller-than-expected loss.
On Tuesday, the company reported a reduction in its consolidated net loss for the December quarter to ₹6,609 crore, compared to ₹6,986 crore in the same period last year.