Total mobile customer base of five COAI members that include Aircel and Telenor declined by 37.74 lakh to 82.6 crore in July from 83 crore at the end of June.
Motilal Oswal is bullish on Idea Cellular has recommended buy rating on the stock with a target price of Rs 110 in its research report dated August 18, 2017.
Sudarshan Sukhani of s2analytics.com recommends buying Adani Ports, Ashok Leyland, Hindustan Petroleum Corporation and Bata India and advises shorting Idea Cellular.
Idea's move comes after the Securities and Exchange Board of India (Sebi) and exchanges gave their conditional nod to the proposed USD 23-billion merger deal that would create the country's largest telecom operator.
Earlier in the day, the company informed the exchanges that it filed an application before the National Company Law Tribunal, Ahmedabad Bench, for an approval of the merger of Vodafone India and Vodafone Mobile Services with the company.
Motilal Oswal is bullish on Idea Cellular has recommended Buy rating on the stock with a target price of Rs 110 in its research report dated July 28, 2017.
Edelweiss is bullish on Idea Cellular has recommended Hold rating on the stock with a target price of Rs 91 in its research report dated July 28, 2017
The Aditya Birla Group company, set to be merged with bigger rival Vodafone, made it clear that it will not subsidise handsets.
The company’s losses for the June quarter worsened to Rs 814.9 crore against a loss of Rs 327.7 crore in the previous quarter.
The total income for the firm was reported at Rs 8,181.7 crore, lower than the previous quarter’s figures of Rs 8,194.5 crore.
According to average of estimates of analysts polled by CNBC-TV18, revenue is seen falling 0.94 percent sequentially to Rs 8,050 crore in Q1 but the pace of degrowth is likely to moderate after 6-7 percent fall seen in Q3 and Q4FY17.
Ashwani Gujral of ashwanigujral.com recommends buying Apollo Tyres, Idea Cellular and Dewan Housing Finance.
The deal, announced in March this year, will create the country's largest mobile phone operator worth more than USD 23 billion with a 35 percent market share.
Telecom stocks like Idea Cellular, Bharti Airtel, MTNL and Tata Communications will get astrological support, says Satish Gupta of astrostocktips.
JIOPhone would be available for testing from 15-August-2017 and pre-booking of JioPhone will start from 24-August-2017.
The Comptroller and Auditor General (CAG), in its latest report tabled in Parliament today, said its audit indicated "total understatement of adjusted gross revenue (AGR) of Rs 61,064.56 crore" by six operators.
Ashwani Gujral of ashwanigujralcom is of the view that one can buy Idea Cellular and Sun TV Network and advises buying Asian Paints.
Telecom Regulatory Authority of India Chairman R S Sharma said he met representatives of all service providers today and arrived at a consensus that fixing the floor price "is not a workable idea".
Ashwani Gujral of ashwanigujral.com recommends buying HPCL, Divis Laboratories, SPARC, Capital First, Idea Cellular and Welspun Corp.
Ashwani Gujral of ashwanigujral.com advises buying Glenmark Pharma, Bajaj Finserv and Idea Cellular.
Ashwani Gujral of ashwanigujral.com suggests buying CESC, Sintex and Indiabulls Housing and advises selling Idea Cellular on rally.
Any change in IUC has a direct impact on mobile call rates as the charge is taken into account while setting telecom tariffs.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Idea Cellular, GAIL India and Syngene.
Krish Subramanyam of Altamount Capital is of the view that one may buy Idea Cellular 85 Call and Sun Pharma July futures.
Sudarshan Sukhani of s2analytics.com suggests buying Mahindra and Mahindra, Infosys and HDFC and advises selling Cummins India and CESC.