Vodafone Idea Ltd. Sees 162 Million Shares Traded, Ranking Among Most Active Stocks

Vodafone Idea Ltd., a prominent player in the Telecom Services industry, has emerged as one of the most active equities today, with a total traded volume of 162,129,894 shares and a total traded value of approximately Rs 14,056.66 lakhs. The stock opened at Rs 8.75, reaching a day high of Rs 8.79 before settling at a last traded price of Rs 8.65, reflecting a decline of 1.83% for the day.
Despite its active trading status, Vodafone Idea has underperformed compared to its sector, showing a negative return of 0.76%. The stock has been on a downward trend, experiencing consecutive losses over the past two days, with a total decline of 4.31% during this period. Notably, the stock's performance is currently above the 20-day, 50-day, 100-day, and 200-day moving averages, yet it remains below the 5-day moving average.

Investor participation appears to be waning, as evidenced by a delivery volume of 20.76 crore shares on October 13, which has decreased by 21.36% compared to the 5-day average. With a market capitalization of Rs 94,583 crore, Vodafone Idea continues to maintain sufficient liquidity for trading, supporting a trade size of Rs 10.76 crore. Overall, the stock's recent performance highlights a challenging environment within the telecom sector.