Idea Cellular at 52-week high

Idea Cellular is trading at its 52-week high price of Rs 82.5 in trades today on back of high volumes.

The stock was trading higher by 1.9% at Rs 82. At 1307 hours 1.3 million shares of Idea Cellular changed hands on the Bombay Stock Exchange (BSE) compared to the two-week average of 580,000 shares.

The company had informed the BSE on July 5, 2011 that the Delhi High Court had pronounced its judgment in the case regarding the merger of erstwhile Spice Communications with Idea Cellular in which Department of Telecommunication had obtained an ex-parte stay from the Delhi High Court.