Idea Cellular shares gain after quarterly earnings beat estimates

Written by Reuters | Mumbai | Updated: Apr 29 2014, 14:58pm hrs
Idea cellularIdea Cellular reported on Monday a 90 per cent jump in January-March consolidated net profit. (AP)
Shares in India's Idea Cellular Ltd gained 3.1 percent in pre-open trading on Tuesday after the wireless service provider posted better-than-expected quarterly earnings.

Idea Cellular reported on Monday a 90 per cent jump in January-March consolidated net profit, and said it was confident about growth, as phone carriers benefit from reduced competition after a long price war.

Bharti Airtel rose 1 percent ahead of its quarterly earnings later in the day.