BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains hold on Idea Cellular
Weak voice and data metrics of Idea were disappointing. Ebitda margins decline 150 basis points sequentially to 35.2 per cent. Cuts target price for September 2016 to Rs 150 from Rs 190 based on reduction of target multiples to 6.5 times EV/EBITDA from 7.5 times earlier.