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Idea falls on profit taking, loss in market share

Source : REUTERS
Last Updated: Fri, Nov 30, 2012 09:38 hrs
Idea brings affordable 3G smartphones

Shares in Idea Cellular fall 3.2 percent on profit-taking after rising 16.12 percent in November as of Thursday's close versus a gain of 3.6 percent in Nifty.

Dealers say the reduction in regulatory uncertainty after lower-than-expected receipts in the 2G auction helped the stock gain in November but it's priced in.

UBS said in a report on Thursday that as per the Telecom Regulatory Authority of India's (TRAI) September quarter revenue report, Idea lost market share in all circles.

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