Web Sify
Follow us on
Mail
Print

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.




blog comments powered by Disqus
most popular on facebook
talking point on sify finance