Vodafone Idea tumbles 5%

New Delhi: Vodafone Idea's shares fell over 5 per cent on Friday, spooked by its Chairman Kumar Mangalam Birla's statement.

The stock slumped 5.34 per cent to close at Rs 6.92. Intra-day, it hit a low of Rs 6.66 apiece on the BSE, trading 8.89 per cent lower over the previous close.

On the National Stock Exchange (NSE), the scrip fell 5.48 per cent to Rs 6.90 a unit. During the day, the scrip lost as much as 8.9 per cent to Rs 6.65.

Over 51 crore shares of Vodafone Idea were traded on the NSE and more than five crore on the BSE.

Meanwhile, the BSE has sought a clarification from the telecom operator on this statement. Shares of Vodafone Idea have been on a bumpy ride for five trading sessions.

The stock has lost over 11 per cent on the BSE as well as the NSE since Monday. The telco's stock on Monday surged over 14 per cent.