Reuters Market Eye - Shares in Idea Cellular Ltd(IDEA.NS) shares fall as much as 2.6 percent after the mobile phone carrier posted weaker-than-expected October-December net profit.
Morgan Stanley says it could lower EBITDA estimates for Idea in fiscal 2013 by around 4 percent.
The investment bank adds Bharti Airtel Ltd (BRTI.NS) could also miss EBITDA estimates for the October-December quarter.
Shares in Idea Cellular were down 1.32 percent at 1:49 p.m., while Bharti Airtel shares fell 1.6 percent.
(Reporting by Manoj Dharra)
Trending On Reuters
Some 30,000 Indian soldiers guarding the border with Bangladesh have a new mandate under Prime Minister Narendra Modi's government this year - stop cattle from crossing illegally into the Muslim-majority neighbour. Full Article
Ex-Goldman director Rajat Gupta fails to void insider trading conviction Full Article