Company Background :
Idea Cellular Limited is an India-based company engaged in wireless telecommunication services. The Company operates in two business segments: Mobility Services, which provides global system for mobile communication (GSM) based mobile and related telephony services, and International Long Distance (ILD), which provides international long distance services. It is a mobile telecommunications operator offering voice, data and other value added services (VAS). It provides GSM-based second-generation (2G) services in approximately 20 service areas in India.
The Company offers third generation (3G) services in over 20 service areas. It offers 3G services in over 10 service areas pursuant to spectrum allocated to it and in remaining service areas through intra-circle roaming (ICR) arrangements with other mobile telecommunication service providers. It also offers fourth generation (4G) services in over 10 service areas through 1800-megahertz (MHz) spectrum.
During the last 1 year the scrip has given following returns
12 months - 47%
6 months - 29%
3 months - 14%
1 month - 43%
1 week - 14%
Buy and add to your long-term portfolio. In the short term 120 will be a good resistance point. The scrip may correct in the short term, and Rs.90 is the support level in case of a correction.
Investment Rationale :
1. Sound management - part of Aditya Birla Group
2. Merger of Voda makes it 3rd largest player
3. Telecom industry rerating -
4. Higher potential to double compared to peers Bharti Airtel which has already doubled.
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