SENSEX NIFTY
Jan 28, 2013, 04.07 PM IST | Source: Reuters

Idea to outperform mkt in 15 days: Morgan Stanley

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 to outperform mkt in 15 days: Morgan Stanley

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).

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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 November 26, 2014, Idea Cellular closed at Rs 163.05, down Rs 0.1, or 0.06 percent. The 52-week high of the share was Rs 183.65 and the 52-week low was Rs 125.10.


The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 26.6. The latest book value of the company is Rs 44.10 per share. At current value, the price-to-book value of the company is 3.70.

READ MORE ON  idea, Morgan Stanley, Sensex, Nifty
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