Why Vodafone Idea shares lost over 25% of its value on Monday2 min read 29 Jul 2019, 11:30 AM IST
With competition persisting in low tariffs segment, the reset to lower priced post-paid plans continues, hurting revenues
It is worrying how the company continues to lose subscribers at a brisk pace
Mumbai: Shares of Vodafone Idea Ltd slumped 26% to below Rs7 per share on Monday, after the company reported weak performance for the June quarter. The 4% sequential fall in revenues came as a big negative surprise, as analysts were expecting flat revenues compared to the March quarter.
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