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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Citi Downgrades Idea to Sell
Citi has downgraded Idea Cellular to 'sell' for target price of Rs 130 per share. Citi says that the Idea is the most vulnerable to Reliance Jio launch and Jio's entry will cause higher capex for Idea. Citi adds that Idea has relatively inferior spectrum portfolio and stretched balncesheet. Delay in LTE launch will lead to market share loss. Valuation is also on the higher side for Idea.