| | |
Idea Cellular's share price will rise relative to the Sensex and the Nifty over the next 15 days on the back of "positive" October-December earnings, Morgan Stanley said in a note on Friday.
Idea will post results on Tuesday, and Morgan Stanley expects a 4 percent sequential traffic growth and 1 percent rise in average revenue per minute quarter-on-quarter (QoQ).
That should translate into a 7.5 percent QoQ growth in EBITDA and 21 percent growth in profit after taxes, Morgan Stanley estimates.
Idea shares are up 1.4 percent at 115 rupees at 12:45 p.m.
Idea Cellular stock price
On July 28, 2014, Idea Cellular closed at Rs 148.70, down Rs 0.75, or 0.5 percent. The 52-week high of the share was Rs 188.35 and the 52-week low was Rs 125.10.
The company's trailing 12-month (TTM) EPS was at Rs 5.44 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 27.33. The latest book value of the company is Rs 44.61 per share. At current value, the price-to-book value of the company is 3.33.
Set email alert for
ADS BY GOOGLE
video of the day
Positive on PSU banks; NPA cycle may have peaked: Barclays