Idea Cellular is currently trading at Rs. 95.00, up by 0.40 points or 0.42% from its previous closing of Rs. 94.60 on the BSE.
The scrip opened at Rs. 95.60 and has touched a high and low of Rs. 96.00 and Rs. 93.50 respectively. So far 90947 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.65 on 06-Sep-2011 and a 52 week low of Rs. 55.65 on 28-Feb-2011.
Last one week high and low of the scrip stood at Rs. 96.00 and Rs. 90.00 respectively. The current market cap of the company is Rs. 31473.22 crore.
The promoters holding in the company stood at 45.98% while Institutions and Non-Institutions held 20.99% and 33.03% respectively.
Idea Cellular, India's fourth-biggest cellular carrier has signed service agreement with Networking gear maker Ericsson for providing managed services in five Indian telecom circles, which includes Mumbai, Jammu and Kashmir, Himachal Pradesh, North East, and Assam.
As per the deal Ericsson will be accountable for managing network and field operations, maintenance activities for 2G and 3G sites, network design and planning, network performance improvement, and programme management for infrastructure. About 71 Idea employees will join Ericsson India as part of the agreement.
Prior to this Idea has signed first managed services contract with Ericsson in 2007 and the partnership between the two companies has now been extended from one circle to five circles.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1834.90 |
| Vodafone Idea | 11.25 |
| Indus Towers | 404.85 |
| Tata Communications | 1590.80 |
| Bharti Hexacom Ltd. | 1498.20 |
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