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Idea Cellular shares News
Idea Cellular shares
NCLT approves Idea-Vodafone merger proposal; shares erase losses
Fri, Jan 12, 2018
NCLT has approved Idea-Vodafone $23 billion merger deal.
Markets open higher; Sensex crosses 32,500 mark, Nifty up 35 points
Thu, Jul 27, 2017
The key Indian equity market indices on Thursday opened higher after the US Federal Reserve kept interest rates unchanged. The Sensitive Index (Sensex) of the BSE, which had closed at 32,382.46 points on Wednesday, opened higher at 32,519.44 points.
Markets continue to dislike Idea-Vodafone merger as shares fall for second consecutive day
Tue, Mar 21, 2017
Motilal Oswal, however, is confident that Idea will perform better. It said, "We upgrade Idea to Buy with a target price of Rs 120, implying 9x EV/EBITDA on FY19E for the combined entity. In our view, rich valuation is justified, as the expected recovery from FY19 could drive EBITDA CAGR (compound annual growth rate) of 18% over FY18-22."