Latest Updates on IDEA Cellular
Idea cellular share price on 23rd February 2017 up by 5.51% (+Rs.6.15) and trading at Rs. 118.60 at 1:43 pm at NSE. Stock price of IDEAS is up as per media report Vodafone-IDEA will be done with in a month and the mega merger deal will create India's largest telecom firm. Because of this news idea share was in huge demand and total traded volume at 1:43 pm is 66691904 and its the most active share at NSE.
Idea cellular witnessing selling on 13th February 2017, after company posted poor Q3 numbers with a loss of Rs. 385.cr comparing with its last year numbers, the main reason of poor number were mainly due to Reliance Jio, due to Reliance Jio their is huge price war in telecom sector. Technically stock at support @ 104. Selling expecting once stock closes and holds below 104. If stay above 104 then bounce back expecting.
Share price of Idea Cellular today showed a gain of 2% and stock closed at 109.55, market is positive about vodafone and idea merger and they think the merger is beneficial for telecom sector. Idea stock is on limelight since the talk of merger is on cards.