Buy Idea Cellular With Stop Loss Of Rs 66

Buy Idea Cellular With Stop Loss Of Rs 66Stock market analyst Ashish Chaturmotha of Anand Rathi Securities has maintained 'buy' rating on Idea Cellular Ltd stock with target of Rs 72.

According to analyst, the interested investors can buy the stock with stop loss of Rs 66.

On July 26, the stock of the company closed at Rs 67.65 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 2.60 and 26.11 respectively.

The share price has seen a 52-week high of Rs 84.85 and a low of Rs 48.05 on BSE.

Idea Cellular declared that its consolidated net profit for the three month period ended June 2010 dropped 24.4% to Rs 201 crore as against Rs 266 crore during the fourth quarter of the last financial year (2009-10).

Ebitda margins of the company declined to 24.3% as against 25.2%

Idea witnessed its top line increased by 9% to Rs 3,653 crore as against Rs 3,347 crore during the last quarter.

After "ab koi bhed bhav nahi" operation in the Mumbai market, Idea Cellular rolls outone Bachat recharge for Local calling, two full value vouchers and an alluring per second ISD calling plan.

The 2 full value recharge vouchers are available at a price of 9 & 11.

If e-recharged with Rs 9, the user will get Rs 9 as full talk value that can be utilized for local plus National calling.