Idea Cellular slips on profit booking

Idea Cellular fell 1.71% to Rs 172.70 at 14:21 IST on BSE on profit booking after the stock rose 4.43% in the preceding two trading sessions to Rs 175.70 on 3 October 2013 from a recent low of Rs 168.25 on 30 September 2013.

Meanwhile, the BSE Sensex was up 118.30 points, or 0.59%, to 20,020.37.

On BSE, 1.39 lakh shares were traded in the counter compared with average volume of 5.17 lakh shares in the past one quarter.

The stock hit a high of Rs 176.95 and a low of Rs 171.50 so far during the day. The stock hit a record high of Rs 178.35 on 3 October 2013. The stock hit a 52-week low of Rs 78.60 on 11 October 2012.

The stock had outperformed the market over the past one month till 3 October 2013, rising 17.13% compared with the Sensex's 9.14% rise. The scrip had also outperformed the market in past one quarter, gaining 24.52% as against Sensex's 3.78% rise.

The large-cap company has an equity capital of Rs 3316.98 crore. Face value per share is Rs 10.

Idea Cellular's net profit jumped 143.8% to Rs 482.90 crore on 18% growth in total revenue to Rs 6535.50 crore in Q1 June 2013 over Q1 June 2012.

Idea Cellular, part of the Aditya Birla Group, is the third largest listed wireless operator in India.

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