Jan 28, 2013, 04.07 PM | Source: Reuters
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 February 05, 2016, Idea Cellular closed at Rs 101.45, up Rs 1.40, or 1.40 percent. The 52-week high of the share was Rs 203.90 and the 52-week low was Rs 99.15.
The company's trailing 12-month (TTM) EPS was at Rs 8.32 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 12.19. The latest book value of the company is Rs 60.81 per share. At current value, the price-to-book value of the company is 1.67.
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