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Last Updated : Aug 02, 2017 05:05 PM IST | Source: Moneycontrol.com

Buy Idea Cellular; target of Rs 110: Motilal Oswal

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.

 
 
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Motilal Oswal's research report on Idea Cellular

Marred by disruption in the sector over the last two quarters, Idea’s revenue for 1QFY18 came in flat QoQ (-14% YoY) a t I NR81.7b.Recovery in voice revenue growth to 2% QoQ (toINR61b) was offset by data revenue decline of 7 % QoQ (to INR13.7b).

Outlook

We maintain Buy with TP of I NR110 on 9 .5x FY19E EV/EBITDA. However, the merger, as well as its timelines, remains a key risk to our rating.

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For all recommendations report, click here

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First Published on Aug 2, 2017 05:05 pm
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