Rudra Investment Stock Tips Expert says, In the business of Tuesday, telecom company Idea Cellular has been experiencing a sharp decline. The Department of Telecom has approved the company to increase the FDI limit to 100 percent. After which the stir in the stock increased. Shares in the morning trade increased, but later the stock fell more than 13 percent to Rs 55.40. During the turnover, the stock has dropped more than 10 percent to Rs 56.20.
100% FDI Permission Approved
Idea Cellular informed that the company has got approval from the Department of Telecom for 100 percent FDI limit. Now, this limit is 67.5 percent. The idea had sought approval from the Department of Telecom about this.
It is believed that FDI will prove to be a big milestone for the merger of Vodafone and Idea. Explain that the merger process of both companies is in the final stage. It can be completed only in the first half of 2018. About this, the final approval is obtained from the Department of Telecom.
Move on such a stock
According to the Stock Tips Expert Idea's stock closed at a price of Rs 62.75 on Monday. Opening on Tuesday morning at a price of 64 rupees in the business. During the business, the stock touched a high of 64.10. At the same time, it dropped 13.5 percent to Rs 55.40. During the turnover, this 10 percent fall at Rs 56.20. In the last 6 months, the company's share has broken 33 percent. The stock came at a price of Rs. 62.75 on Monday with a price of Rs. 93.40.
Q4 lifts deficit by 3x
Idea's loss has increased nearly three times in the fourth quarter to 930.6 million rupees. In the same period a year ago the company's loss was Rs. 327.70 crores. At the same time, in Idea Q4, the total income on the year-on-year basis also decreased by 24 percent.
The company's total income in the fourth quarter is Rs 6,137.3 crores. In the same period last year, the company's total income stood at Rs 8,194.50 crore. In the financial year 2017-18, Idea has lost Rs 4,139.90 crore. In the financial year 2016-17, the company's loss was Rs 404 crores.
100% FDI Permission Approved
Idea Cellular informed that the company has got approval from the Department of Telecom for 100 percent FDI limit. Now, this limit is 67.5 percent. The idea had sought approval from the Department of Telecom about this.
It is believed that FDI will prove to be a big milestone for the merger of Vodafone and Idea. Explain that the merger process of both companies is in the final stage. It can be completed only in the first half of 2018. About this, the final approval is obtained from the Department of Telecom.
Move on such a stock
According to the Stock Tips Expert Idea's stock closed at a price of Rs 62.75 on Monday. Opening on Tuesday morning at a price of 64 rupees in the business. During the business, the stock touched a high of 64.10. At the same time, it dropped 13.5 percent to Rs 55.40. During the turnover, this 10 percent fall at Rs 56.20. In the last 6 months, the company's share has broken 33 percent. The stock came at a price of Rs. 62.75 on Monday with a price of Rs. 93.40.
Q4 lifts deficit by 3x
Idea's loss has increased nearly three times in the fourth quarter to 930.6 million rupees. In the same period a year ago the company's loss was Rs. 327.70 crores. At the same time, in Idea Q4, the total income on the year-on-year basis also decreased by 24 percent.
The company's total income in the fourth quarter is Rs 6,137.3 crores. In the same period last year, the company's total income stood at Rs 8,194.50 crore. In the financial year 2017-18, Idea has lost Rs 4,139.90 crore. In the financial year 2016-17, the company's loss was Rs 404 crores.
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