Idea shares to outperform market in next 15 days-Morgan Stanley
Reuters: Jan 28 2013, 13:25 IST
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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