/ Idea Cellular Near 52 Week Low, While Nifty Is 0.5% Up ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 18 January 2017



Telecom major, Idea Cellular is the stock trading near its 52 week low levels in an otherwise buoyant market. Among the Nifty 50 stocks, Idea Cellular is the only stock trading nearly at 69 levels, which is just in close proximity to the 52 week low range of 2%-5%. The stock has hit a low of 68.55 levels on NSE.

Another telecom major, Bharti Airtel is the top loser from the Nifty 50 stocks that has tumbled 1.6% at Rs 313 levels. Overall, the telecom sector remains mixed with telecom majors witnessing pessimism. Reliance Industries is said to have proposed investments into its telecom business, Reliance Jio Infocomm, which has led to a fall in major telecom stocks. The companies have been struggling to retain customers and have curtailed tariffs by as much as 66%.

Idea Cellular Ltd is currently trading at Rs 69.05, down by Rs 0.15 or 0.22% from its previous closing of Rs 69.2 on the BSE. The scrip opened at Rs 69.2 and has touched a high and low of Rs 69.55 and Rs 68.65 respectively. So far 2167189(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 24923.69 crore.

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 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 75.45 and Rs 66.6 respectively. The promoters holding in the company stood at 42.45 % while Institutions and Non-Institutions held 31.22 % and 26.33 % respectively. The stock is currently trading below its 200 DMA.

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