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Idea to outperform market in next 15 days: Morgan
January 28, 2013 / 7:18 AM / 5 years ago

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.

A man speaks on a mobile phone in front of a billboard in Chandigarh August 24, 2007. REUTERS/Ajay Verma/Files

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

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