Buy Idea Cellular, target Rs 94: Manas Jaiswal

Buy Idea Cellular at a price target of Rs 94 and a stop loss at Rs 89 from entry point.

Manas Jaiswal of manasjaiswal.com has a buy call on Idea Cellular with a target price of Rs 94.

The current market price of Idea Cellular is Rs 91.10.

Time period given by the analyst is intraday when Idea Cellular price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 89.

Idea Cellular, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 32,854.41 Crore) operating in Telecommunications sector.

Idea Cellular key Products/Revenue Segments include Telecommunication Services which contributed Rs 35,256.51 Crore to Sales Value (99.93 per cent of Total Sales) and Other Operating Revenue which contributed Rs 22.13 Crore to Sales Value (0.06 per cent of Total Sales)for the year ending 31-Mar-2017.
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The company’s top management includes Dr.Shridhir Sariputta Hansa Wijayasuriya, Mr.Akshaya Moondra, Mr.Arun Thiagarajan, Mr.Baldev Raj Gupta, Mr.Himanshu Kapania, Mr.Kumar Mangalam Birla, Mr.Mohan Gyani, Mr.P Murari, Mr.Sanjeev Aga, Mrs.Alka M Bharucha, Mrs.Rajashree Birla, Ms.Tarjani Vakil.

Company has Deloitte Haskins & Sells LLP as its auditors.

As on 30-06-2017, the company has a total of 3,606,411,402 shares outstanding.
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