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Idea shares to outperform market in next 15 days-Morgan Stanley

Source : REUTERS
Last Updated: Mon, Jan 28, 2013 05:33 hrs
The exterior of the world headquarters for Morgan Stanley & Co. Incorporated is seen in New York

Idea Cellular Ltd's share price will rise relative to India's main indexes over the next 15 days on the back of "positive" October-December earnings, Morgan Stanley said in a note on Friday.

Idea will post results on Tuesday, and Morgan Stanley expects a 4 percent sequential traffic growth and 1 percent rise in average revenue per minute quarter-on-quarter (QoQ).

That should translate into a 7.5 percent QoQ growth in EBITDA and 21 percent growth in profit after taxes, Morgan Stanley estimates.

Idea shares are up 1 percent at 114.55 rupees.


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