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.
Stock Performance:
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%
Recommendation :
Sell this scrip as the sector is fiercely competitive with predatory pricing.
Raghav
Equity Research Analyst
Smart Investor
Equity Research
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