Idea Cellular shares fall over 6% post Q3 results

By: |
New Delhi | Updated: January 22, 2016 4:20 PM

Idea Cellular shares plunged over 6 per cent on Friday and hit their new 52-week low of Rs 105.60.

idea cellular shares, Sensex, Nifty, stock market today, live sensex, live bseIdea Cellular shares plunged over 6 per cent on Friday and hit their new 52-week low of Rs 105.60. (Photo: Reuters)

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.

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.

 

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1ESAF Small Finance Bank, Sapphire Foods among seven companies to get SEBI nod for IPO
2World stocks hold near 6-week highs in big earnings week
3Sensex snaps 4-day losing streak, Bank Nifty posts record closing; fresh up move in Nifty possible above 18300