With 65% fall, Voda Idea among worst performing Asia Pacific stocks in 2018

Stiff competition in the telecom sector has led to another rough year for the sector’s stocks. The shares of Vodafone Idea have been hit the hardest with the stock moving into the unenviable league of the worst-performing one in the MSCI Asia Pacific Index in 2018.

Last year, the shares of Vodafone Idea were down 65 per cent. Data compiled by Bloomberg shows the stock of the telecom major was among the top 5 losers in the regional index in local currency terms. According to analysts, despite the company’s fundraising plan, its balance-sheet is likely to remain under stress. 

“With