Friday, April 09, 2021

Vodafone Idea surges after its enterprise arm launches Integrated IoT solutions

Vodafone Idea is currently trading at Rs. 9.48, up by 0.05 points or 0.53% from its previous closing of Rs. 9.43 on the BSE.

The scrip opened at Rs. 9.43 and has touched a high and low of Rs. 9.67 and Rs. 9.38 respectively. So far 17034149 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.80 on 15-Jan-2021 and a 52 week low of Rs. 3.21 on 09-Apr-2020.


Last one week high and low of the scrip stood at Rs. 9.98 and Rs. 9.26 respectively. The current market cap of the company is Rs. 27183.68 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 7.47% and 20.48% respectively.

Vodafone Idea’s enterprise arm -- Vi Business, has further strengthened its IoT portfolio with the launch of Integrated IoT solutions for enterprises. With this industry first initiative, the company has become the only telecom company in India to offer a secure end-to-end IoT solution offering that comprises connectivity, hardware, network, application, analytics, security and support. The offering is designed to simplify and accelerate the digital transformation journey for enterprises.

With the pandemic induced digital disruption, businesses are increasingly transforming to digital means, opting for Internet of Things (IoT) to bridge the need gap, adapt to market dynamics, and the evolving consumer needs. Vi IoT is transforming the way businesses operate by reinventing processes, operations, customer experience and developing newer business models and revenue opportunities.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.


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