Hot Chips - Idea Cellular

Ali On Content / 19 Jan 2009

Idea Cellular is part of the Aditya Birla Group, which is India's first truly multinational corporation. According to some institutional reports, the telecom sector might do well as this sector is a domestic demand driven which might stay least affected from the global events. And some brokers expected the company to announce decent numbers for Q3FY09. Thus even conservative investors can take exposure in this counter with medium-term perspective.

Idea Cellular     BSE Code: 532822     Volume: 365743     CMP: Rs 45.50


Idea Cellular is part of the Aditya Birla Group, which is India's first truly multinational corporation. Even this counter in the last week fall has been hit hard where the market price of the counter has declined by more than 20 per cent. Recently, the counter has seen huge increase in both the traded quantity and the deliverable quantity which stands at more than 50 per cent of the traded quantity. This implies that there are some investors who are bullish on the stock along with the traders.

According to some institutional reports, the telecom sector might do well as this sector is a domestic demand driven which might stay least affected from the global events. And some brokers expected the company to announce decent numbers for Q3FY09. Thus even conservative investors can take exposure in this counter with medium-term perspective.

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