Idea Cellular shines on unveiling 3G services in Punjab

Idea Cellular is currently trading at Rs. 136.50, up by 3.00 points or 2.25% from its previous closing of Rs. 133.50 on the BSE. The scrip opened at Rs. 133.50 and has touched a high and low of Rs. 137.00 and Rs. 132.85 respectively. So far 329985 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.35 on 15-Oct-2013 and a 52 week low of Rs. 124.40 on 10-Jun-2013. Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 132.00 respectively. The current market cap of the company is Rs. 44887.26 crore. The promoters holding in the company stood at 45.81%, while Institutions and Non-Institutions held 21.92% and 32.27% respectively. Idea Cellular has unveiled 3G services in Punjab, expanding the coverage of its premium high speed Internet services. The company is also planning to put up 1,800 3G cell sites by the end of 2015 fiscal, taking services to 170 towns across Punjab. Consumers can now avail 3G services in regions that include Chandigarh, Ludhiana, Nawanshahr, Jagraon, Malerkotla and Nabha. With this launch, Idea expanded its 3G footprint to 28 Indian states. Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all 22 telecom circles.