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Idea Cellular gains on launching 3G smartphone with data benefits

20 Jun 2014 Evaluate

Idea Cellular is currently trading at Rs. 138.00, up by 0.35 points or 0.25% from its previous closing of Rs. 137.65 on the BSE.

The scrip opened at Rs. 138.00 and has touched a high and low of Rs. 138.80 and Rs. 136.10 respectively. So far 129080 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.35 on 15-Oct-2013 and a 52 week low of Rs. 125.10 on 28-Feb-2014.

Last one week high and low of the scrip stood at Rs. 144.50 and Rs. 134.40 respectively. The current market cap of the company is Rs. 49065.91 crore.

The promoters holding in the company stood at 42.91% while Institutions and Non-Institutions held 26.44% and 30.65% respectively.

Idea Cellular, India’s third largest mobile operator, has launched Android Jelly Bean-based 3G smartphone ‘!d 4000’ priced at Rs 4,999. Idea !d 4000 has a 4 inch screen and features 3.2 MP camera and has micro SD storage, expandable up to 32 GB and comes integrated with Bluetooth V4.0 and is Wi-fi enabled.

The device, with 1.0 GHz dual core processor, will be available across 11 telecom circles that include Andhra Pradesh, Gujarat, Haryana, Himachal Pradesh, Kerala, Punjab, Uttar Pradesh (E) and Uttar Pradesh (W).

Besides, the device comes with a special offer for existing 3G users offering 3G data benefits of 1.6 GB and free Idea TV for three months, with a pack priced at Rs 259. For new users, 1.6 GB 3G data and free Idea TV for three months will be offered with a pack of Rs 261.

With the launch the new device, Idea’s portfolio of 3G smartphones has gone up to 16, and the company has already sold over 7 lakh devices from its earlier range.

 

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