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18-Aug2016

Idea Cellular trades in green on the bourses

Idea Cellular is currently trading at Rs. 93.85, up by 0.45 points or 0.48% from its previous closing of Rs. 93.40 on the BSE.

The scrip opened at Rs. 94.20 and has touched a high and low of Rs. 94.50 and Rs. 93.50 respectively. So far 265711 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.80 on 20-Aug-2015 and a 52 week low of Rs. 92.55 on 10-Aug-2016.

Last one week high and low of the scrip stood at Rs. 96.10 and Rs. 92.95 respectively. The current market cap of the company is Rs. 33740.58 crore.

The promoters holding in the company stood at 42.23%, while Institutions and Non-Institutions held 32.14% and 25.63% respectively.

Idea Cellular has rolled-out high-speed next generation mobile broadband services in 390 towns spread over 32 districts in Maharashtra and Goa. The company is rapidly expanding its 4G LTE services ahead of Reliance Jio's launch.

The company is the leading operator in Maharashtra and Goa and is the only service provider to offer 4G services in 300 towns in Maharashtra state. Idea's 4G LTE service is now available in the major towns of Amravati, Aurangabad, Gondia, Kohlapur, Alibagh, Wardha, Vasco and Panjim, in addition to Nagpur and Ahmednagar where services were launched earlier this year.

Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all 22 telecom circles.

 


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