Thursday, 21 January 2016

Idea Cellular drops 2% ahead of Q3 results

The third largest telecom operator of the country will announce its financial results for the quarter ended December 2015 on Thursday, January 21.


Idea
Idea Cellular traded 2 % down at Rs. 115.10 ahead of Q3 FY16 results. The third largest telecom operator of the country will announce its financial results for the quarter ended December 2015 on Thursday, January 21.

Analyst speculate a drag in telecom performance with Idea Cellular putting up a poor show. The Net Profit is likely to see a decline of 5.2% Y-o-Y to Rs. 767.1 crore. 

The scrip opened at Rs. 118.05 and has touched a high and low of Rs. 119.95 and Rs. 114.7 respectively. So far 1191114(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 42286.22 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.9 on 17-Apr-2015 and a 52 week low of Rs. 109.6 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 122.5 and Rs. 109.6 respectively.

The promoters holding in the company stood at 42.25 % while Institutions and Non-Institutions held 29.18 % and 28.58 % respectively.

The stock is currently trading above its 200 DMA.

No comments:

Post a Comment