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Idea Cellular rings loud on the bourses

Idea Cellular is currently trading at Rs. 85.15, up by 0.55 points or 0.65% from its previous closing of Rs. 84.60 on the BSE.

The scrip opened at Rs. 85.90 and has touched a high and low of Rs. 86.20 and Rs. 84.85 respectively. So far 308226 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 128.05 on 28-Apr-2016 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. 88.15 and Rs. 84.20 respectively. The current market cap of the company is Rs. 30825.56 crore.

The promoters holding in the company stood at 42.41%, while institutions and non-institutions held 33.80% and 23.79% respectively.

Idea Cellular has unveiled a new SIM card-based fleet tracking service in collaboration with MapmyIndia, Delhi-based maps and tracking services provider. This solution is currently in the pilot stage and is being rolled out to a select set of clients. With the new fleet tracking service, enterprise clients will be able to track the position of their fleet on MaymyIndia’s maps. The company’s tracking solution works without Internet and even when the SIM is installed on a low-cost feature phone.

Idea Cellular is an AV Birla group company and provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level. It is present in all 22 telecom circles.

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