Vodafone Idea share are down by -1.27%, Nifty up by 0.11% | Stock Market News

Vodafone Idea share are down by -1.27%, Nifty up by 0.11% | Stock Market News

Source: Live Mint

At 09 Sep 11:17 today, Vodafone Idea shares are trading at price 13.19, -1.27% down from the previous closing price. Sensex is trading at 81341.53, up by 0.19%. The stock has hit a high of 13.58 and a low of 12.99 during the day.

On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 14.42, 15.51, & 16.26, whereas it has key support levels at 12.58, 11.83, & 10.74.

Till 11 AM today, the volume traded on NSE & BSE for Vodafone Idea was 40.99% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.

The median 1-year forecasted upside in this share is at 7.54% with a target price of 12.1952.

The company has a 37.17% promoter holding, 0.69% MF holding, & 12.78% FII holding as per filings in the july quarter.

The MF holding has increased from 0.43% in april to 0.69% in july.

The FII holding has increased from 12.67% in april to 12.78% in july quarter.

Vodafone Idea share price down -1.27% today to trade at 13.19 while its peers are mixed. Its peers such as Bharti Airtel, Tata Communications, Tata Teleservices Maharashtra, Railtel Corporation Of India are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.11% & 0.19% each respectively.



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