MARKET EYE-Idea shares to outperform market in next 15 days-Morgan Stanley

Mon Jan 28, 2013 10:46am IST

Related Topics

Stocks

   

* Idea Cellular Ltd's share price will rise relative
to India's main indexes  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 percent at 114.55 rupees.

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Trade Deal

REUTERS SHOWCASE

Record High

Record High

Nifty hits record high on foreign buying, higher Asian stocks.  Full Article 

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

BRICS Bank

BRICS Bank

World Bank chief welcomes new BRICS development bank.  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

 Boosting Output

Boosting Output

NMDC plans to boost iron ore output by two-thirds  Full Article 

Apple Results

Apple Results

Apple margin concerns fade, focus shifts to iPhone launch  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage