Idea to outperform market in next 15 days: Morgan
Reuters Market Eye - 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.
(Reporting by Manoj Dharra)
- Tweet this
- Share this
- Digg this
The Congress party was headed for a bruising defeat in key state elections, including in the capital, early results showed on Sunday, underlining the struggle it will face to cling to power in a national election due by May. Full Article