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    HomeNewsBusinessStocksBuy Idea Cellular; target of Rs 110: Motilal Oswal

    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.

    August 02, 2017 / 17:05 IST

    Motilal Oswal's research report onIdea 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.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    first published: Aug 2, 2017 05:05 pm

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