Here’s why Vodafone Idea shares fell sharply on stock market

The Vodafone Idea stock fell sharply on the stock market on Thursday. Shares of the company had hit an intraday low of Rs 8.46 after falling 15 per cent. Here is why the company's stock tanked.

Shares of Vodafone Idea fell sharply on the stock market in early trade on Thursday. The stock hit an intraday low of Rs 8.46 on the Bombay Stock Exchange after tumbling 15 per cent. At 3:10 pm, the shares of the telecom company were trading 8.24 per cent lower at Rs 9.13. Vodafone Idea shares tanked on the stock market after the company reported a consolidated loss of Rs 7,022.8 crore for the quarter ended March 2021.