Idea Cellular falls 2.7%; among top Nifty losers

India Infoline News Service | Mumbai | November 30, 2016 15:41 IST

The scrip opened at Rs 79.4 and has touched a high and low of Rs 79.6 and Rs 76.6 respectively.

Idea
Idea Cellular Ltd is currently trading at Rs 77.3, down by Rs 1.85 or 2.34% from its previous closing of Rs 79.15 on the BSE.

Axiata is looking to sell its 20% stake in Idea Cellular as the Malaysian company believes the Indian telecom provider's valuation will remain subdued for at least the next three years given the likelihood of a pricing onslaught stemming from the entry of Reliance Jio Infocomm, as per media reports.

The scrip opened at Rs 79.4 and has touched a high and low of Rs 79.6 and Rs 76.6 respectively. So far 11666300 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 28502.96 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 145.2 on 01-Dec-2015 and a 52 week low of Rs 66 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 79.55 and Rs 71.05 respectively.

The promoters holding in the company stood at 42.23 % while Institutions and Non-Institutions held 31.72 % and 26.05 % respectively.

The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

 

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