Vodafone Idea Ltd. Trades 324.73 Million Shares, Ranking Among Most Active Equities Today
Vodafone Idea Ltd. has become a highly active stock in the telecom sector, with significant trading volume and value. The stock has shown a notable performance, reversing a recent decline. However, investor participation has decreased, indicating varying levels of engagement despite the stock's liquidity and market activity.
Vodafone Idea Ltd. has emerged as one of the most active stocks in the equity market today, particularly in the telecom services sector. The company, with a market capitalization of Rs 91,983 crore, has seen a total traded volume of 324,730,495 shares, translating to a total traded value of approximately Rs 27,796.93 lakh.The stock opened at Rs 8.38 and reached a day high of Rs 8.74, before settling at a last traded price of Rs 8.68. This marks a notable performance, as Vodafone Idea has outperformed its sector by 2.72%. After experiencing two consecutive days of decline, the stock has shown signs of a trend reversal with a 1D return of 3.71%.
Despite this positive movement, investor participation appears to be waning, with a delivery volume of 19.7 crore shares on October 14, reflecting a decrease of 23.43% compared to the five-day average. The stock remains liquid enough for trading, with liquidity based on 2% of the five-day average traded value sufficient for a trade size of Rs 7.99 crore. Overall, Vodafone Idea's performance today highlights its active role in the market, amidst varying investor engagement levels.
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