Shares of Vodafone Idea on Friday gained nearly 5 per cent after the company reported significant narrowing of losses to about Rs 7,218 crore for the September quarter. The stock rose 4.42 per cent to close at Rs 8.75 on the BSE. During the day, it gained 6.44 per cent to Rs 8.92.On the NSE, it jumped 4.79 per cent to close at Rs 8.75. In traded volume terms, 939.19 lakh shares were traded at the BSE and 41.75 crore units on the NSE during the day. The company’s losses in the second quarter of financial year 2020 had been at a staggering Rs 50,921.9 crore after it provisioned for Supreme Court mandated statutory dues. The gross revenue for the quarter ended September 30, 2020, came in at about Rs 10,791 crore, marginally lower than the same period of the previous year.
