MARKET EYE-As Idea gets set to post results, watch Bharti shares

Tue Jan 29, 2013 10:53am IST

Related Topics

Stocks

   

* Investors in Bharti Airtel Ltd are keenly waiting
rival Idea Cellular Ltd's October-December earnings
results due later in the day.    
* Idea is much smaller than Bharti in revenue terms, but both
mobile carriers operate on GSM technology and have similar kinds
of subscribers.
* As well, both companies' mainstay is second-generation (2G)
voice although there has been a greater push in recent months to
increase revenue from mobile data.
* That may help explain why Idea and Bharti shares have seen a
correlation of 0.86 in the past three months. 
* "Idea's numbers would also answer whether the 2G industry is
growing or not, which should have bearing on Bharti too," said
an analyst tracking the sector.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.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

Diplomacy

REUTERS SHOWCASE

Maruti Results

Maruti Results

Maruti Suzuki says profits helped by sentiment, not growth.  Full Article 

Tracking the Monsoon

Tracking the Monsoon

Monsoon turns patchy after revival.  Full Article 

ICICI Profit Up

ICICI Profit Up

ICICI Bank Q1 net profit up 17 percent, beats estimates.  Full Article 

Pharma Sector

Pharma Sector

FDA raises concern over drug production process at Cadila  Full Article 

Coal India

Coal India

Some Coal India mines may be run by foreign firms - minister  Full Article 

Fuel Prices

Fuel Prices

IOC to cut petrol prices by 1.5 pct from Friday  Read 

Economic Pulse

Economic Pulse

India's infrastructure output growth hits 9-month high in June  Full Article | Related Story 

Joint Bid

Joint Bid

ONGC, Oil India bid $1.5 bln for stake in Murphy Oil's Malaysia assets - sources  Full Article 

Reuters India Mobile

Reuters India Mobile

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