Idea Cellular is currently trading at Rs. 159.65, up by 1.35 points or 0.85 % from its previous closing of Rs. 158.30 on the BSE.
The scrip opened at Rs. 160.95 and has touched a high and low of Rs. 165.00 and Rs. 156.35 respectively. So far 240982 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 16-Aug-2013 and a 52 week low of Rs. 74.15 on 30-Aug-2012.
Last one week high and low of the scrip stood at Rs. 163.85 and Rs. 142.00 respectively. The current market cap of the company is Rs. 53034.30 crore.
The promoters holding in the company stood at 45.86 % while Institutions and Non-Institutions held 22.09 % and 32.05 % respectively.
Idea Cellular is likely to receive new telecom licenses from DoT, that had earlier refused to accept guidelines related to 3G roaming pacts in the unified license. This new license agreement between DoT and Idea may also incorporate certain clauses proposed by Idea. The telecom operator had earlier refused to sign new telecom permit (Unified Licence) as it barred operators from entering into 3G intra-circle roaming agreement.
Currently, both the companies have agreed to follow the court order with respect to implementation of norms related to 3G roaming pacts in new licenses and the same has been approved by Minister of Communications and IT Kapil Sibal.
