MoneyWorks4Me

Idea Cellular gains with its digital wallet service partnering with redBus

09 Nov 2017 Evaluate

Idea Cellular is currently trading at Rs. 101.00, up by 2.50 points or 2.54% from its previous closing of Rs. 98.50 on the BSE.

The scrip opened at Rs. 101.00 and has touched a high and low of Rs. 102.75 and Rs. 100.80 respectively. So far 3,90,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.75 on 20-Mar-2017 and a 52 week low of Rs. 66.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 110.85 and Rs. 96.00 respectively. The current market cap of the company is Rs. 36,415.00 crore.

The promoters holding in the company stood at 42.38%, while Institutions and Non-Institutions held 35.04% and 22.58% respectively.

Idea Cellular’s digital wallet service - Idea Money has entered into partnership with online bus ticketing platform redBus. The collaboration will allow customers to book bus tickets online through Idea Money's RAM portal with the help of the retailer at all Idea Money retail points. The partnership will support and enable hassle-free bus ticket booking for Idea Money customers with limited or no internet access.

Idea Cellular is an AV Birla group company and provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level.




Peers
Company Name CMP
Bharti Airtel 1837.00
Vodafone Idea 14.29
Indus Towers 375.55
Tata Communications 1798.65
Railtel Corp. India 252.55
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