IDEA might declare BANKRUPT read description for story& funda
DO not go and short
if you have shares you might exit or hold its your own descision as this is not a trading call kindly refer disclaimer i am just warning for educational purposes
smart investors might have exited by now that is the reason few days back idea share fell more than 10%
you can check balance sheet from 2017 idea is posting continuous loses , in 2016 is where reliance entered the market with jio ,that effected the market of idea greatly
few days back i some where read an article on auditors questioning on idea sustainability
later just today i found ref- "business today, that vodafone idea in talks for fund raise says floor price "best fix for pricing issues" this might be a retailer trap ,few months back similar case with lakshmi vilas bank they where about to delist the stock felt lower circuit later they declared that they are gonna fight case in court the news is made up
and retailers seeing the news got trapped later that day stock was to 5-7% up and later got delisted ,so better exit in risk based stocks where funda are very very weak
coming to its financials it has now debt more than 1.25 lakh crores where the interest paid alone is more than profit made, share holders funds went to -38000 crore went into negative now i think promoters might not support the stock from here on ,no one still holds a losing business so any positive news might be a trap
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk and i am not saying any news is false or true just posting my opinion and interpretation
if you have shares you might exit or hold its your own descision as this is not a trading call kindly refer disclaimer i am just warning for educational purposes
smart investors might have exited by now that is the reason few days back idea share fell more than 10%
you can check balance sheet from 2017 idea is posting continuous loses , in 2016 is where reliance entered the market with jio ,that effected the market of idea greatly
few days back i some where read an article on auditors questioning on idea sustainability
later just today i found ref- "business today, that vodafone idea in talks for fund raise says floor price "best fix for pricing issues" this might be a retailer trap ,few months back similar case with lakshmi vilas bank they where about to delist the stock felt lower circuit later they declared that they are gonna fight case in court the news is made up
and retailers seeing the news got trapped later that day stock was to 5-7% up and later got delisted ,so better exit in risk based stocks where funda are very very weak
coming to its financials it has now debt more than 1.25 lakh crores where the interest paid alone is more than profit made, share holders funds went to -38000 crore went into negative now i think promoters might not support the stock from here on ,no one still holds a losing business so any positive news might be a trap
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk and i am not saying any news is false or true just posting my opinion and interpretation
and with this conclusion i am closing my idea on idea futher i will not update this is the end better stay away from these type of risks and another thing i dont know what happens if some one has positions in options and stock gets delisted will options gets excercised if anyone know any info plz let me know in the comments