IDEA stock quotes on 1ka10.com

Buy Idea Cellular with a 12 month target of Rs 112. "Idea Cellular is yet to receive the USD 640 million investment from the private-equity deal done in May this year, and the rupee?s depreciation against the USD will result in a gain exceeding Rs 2 billion for Idea. In FY08, Idea managed its FX exposure better than peers. Idea also sported the best asset turnover, highest depreciation rates and the highest ROE among the big carriers. It raised its market share in FY08 from 8.4% to 9.2% in terms of share of wireless subscribers.".NS

Idea Cellular has announced its first quarter numbers. Its Q1 net profit declined 4.88% at Rs 263.09 crore from Rs 278 crore in previous quarter while CNBC-TV18 estimated at Rs 276 crore. Revenue went up by 9.48% to Rs 2173.46 crore from Rs 1985.2 crore. CNBC-TV18 estimated at Rs 2153.24 crore. Its EBIDTA margins were at 33.14% versus 33.93%. Forex loss was up at Rs 15.2 crore in Q1 versus loss of Rs 2.7 crore in Q4 and interest cost also went up by 26.5% to Rs 152.6 crore QoQ. ARPUs declined by 3.13% and MOUs up by 4.13% QoQ. Revenues in established circles went up by 9.1% QoQ and revenues in new circles up by 19.22% QoQ.

Buy on IDEA Cellular and hold for a year it can give returns like anything. company has spectrum license and by spic communication merger IDEA gets panjab and karnatka's subscriber. now they have 23 states and good subscriber base so its price at current level at 70-80 is very good for buying and can give good returns as well