Idea Cellular shares plunged over 6 per cent on Friday and hit their new 52-week low of Rs 105.60.
Idea Cellular shares plunged over 6 per cent on Friday and hit their new 52-week low of Rs 105.60 after the telecom major on Thursday reported a marginal decline in its consolidated net profit figures at Rs 764.21 crore for the quarter ended December 2015 due to decline in voice and mobile data rates.
The company registered a net profit of Rs 767.06 crore in the same quarter last year.
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The share price of the company settled 6.19 per cent down at Rs 106.85. The scrip opened at Rs 115 and had touched a high and low of Rs 115 and Rs 105.60, respectively, in trade. Sensex closed 473 points, or 2 per cent, up at 24,435.
Consolidated net sales of the company increased by 12.39 per cent year-on-year to Rs 9,001.43 crore.