Why Vodafone Idea Stock crashed 38% today

#1

Can someone please explain why Vodafone Idea stock crashed more than 38% today?. What’s the reason behind it?.

#2

@Nikhil_Verma ; it turned EX rights from today .

#3

What is that means bro?. Are you talking about that 25000cr right issue that they sold on 12 rupees per share?.

#4

if you have purchased on or before 28 march you get RIGHT to apply shares at 12.50 per share during april 10 toi 24 . rights is in the ratio of 87 FIRM for every 38 held .

1 Like
#5

Aah ok got it… thanks for your reply…

#6

I hold 600 shares of Vodafone idea @40.50
Now its trading trim down price 17.50 now my portfolio is 50% down,
I want to know after issuing rights shares will the stock price crash more?
I’m not interested to apply for rights.
I’ll sell it as bad investment!

#7

Telecom and airline are dead

#8

I cannot be quite sure what actually happened as there are no some significantly negative news related to this company. Anyway, as Vinay already noted, telecom, airlines and banks are not a good pick of stocks to invest in

#9

Idea, airtel have been in losses for quite sometime & Jio is killing the market. Better to stay away from any high debt-loss making companies.