Stock update:IDEA (Idea Cellular) (Positional call)

About Idea Cellular:



Idea Cellular is an Aditya Birla Group Company, India's first truly multinational corporation. Idea is a pan-India integrated GSM operator offering 2G and 3G services, and has its own NLD and ILD operations, and ISP license. With revenue in excess of $4 billion; revenue market share of nearly 15%; and subscriber base of over 121 million in FY 2013, Idea is India’s 3rd largest mobile operator. Idea ranks among the Top 10 country operators in the world with a traffic of over 1.5 billion minutes a day.

 Idea’s robust pan-India coverage is built on a network of over 100,000 2G and 3G cell sites, spread across over 55,000 towns in India.

Using the latest in technology, Idea provides world-class service delivery through the most extensive network of customer touch points, comprising of nearly 4,500 exclusive Idea outlets, and over 7,000 call center seats. Idea’s customer service delivery platform is ISO 9001:2008 certified, making it the only operator in the country to have this standard certification for all 22 service areas and the corporate office. 

Idea has consistently stayed ahead of the industry in VLR reporting. Idea’s thought leadership on Mobile Number Portability (MNP) has enabled it to stay as the top gainer with highest net gain. Every 4th mobile user who exercises choice through MNP, prefers Idea.
It is listed on the BSE with a BSE Code of 532822 and the NSE with an NSE Code of IDEA.
Idea Cellular is an Aditya Birla Group Company, India's first truly multinational corporation. Idea is a pan-India integrated GSM operator offering 2G and 3G services, and has its own NLD and ILD operations, and ISP license. With revenue in excess of $4 billion; revenue market share of nearly 15%; and subscriber base of over 121 million in FY 2013, Idea is India’s 3rd largest mobile operator. Idea ranks among the Top 10 country operators in the world with a traffic of over 1.5 billion minutes a day.


BSE code for idea is 532822 and the NSE Code for idea is IDEA.

Latest announcement:


Idea Cellular gained 2.5 percent intraday Friday as the company has hiked 3G and 2G data tariffs rates in Delhi and NCR. The pre-paid customers in Delhi and NCR will now have to cough out more for using data as the company has increased rates by over 18 percent with effect from June 3. The company has made changes in most of the recharges and vouchers for 2G and 3G services. According to industry sources, the company also planned to increase the data tariffs in five-six more circles in the coming days. Idea Cellular is at a good support considering there is change in polarity at the strand line on the weekly charts.  
 

Idea Cellular pre-paid customers in Delhi and NCR will now have to cough out more for using data as the company has increased rates by over 18 per cent with effect from June 3. The company has made changes in most of the recharges and vouchers for 2G and 3G services. According to industry sources, the company also plans to increase the data tariffs in five-six more circles in the coming days. When asked to comment on the matter, the company did not reply. According to information taken from customer care of Idea Cellular, the company has increased 3G data tariffs by over 18 percent and 2G tariffs by 11 percent. A customer care executive said the 1 GB pack of 3G with a validity of 28 days will now come for Rs 295 compared with Rs 249 earlier, while a 1 GB, 2G data pack for will now come for Rs 195 with 28 days validity as against Rs 175 earlier. The company has also reduced validity of various packs. For instance, customers will now get a validity of 7 days with a recharge of Rs 247 for 1 GB, while earlier it used to cost Rs 249 with 28 days validity. Idea is the first telecom operator, which has increased data tariffs after the March spectrum auctions.

Read more at: http://www.moneycontrol.com/news/business/idea-hikes-prepaid-data-tariffs-by-18delhi_1399757.html?utm_source=ref_article

 Idea Cellular pre-paid customers in Delhi and NCR will now have to cough out more for using data as the company has increased rates by over 18 per cent with effect from June 3. The company has made changes in most of the recharges and vouchers for 2G and 3G services. According to industry sources, the company also plans to increase the data tariffs in five-six more circles in the coming days. When asked to comment on the matter, the company did not reply. 
According to information taken from customer care of Idea Cellular, the company has increased 3G data tariffs by over 18 percent and 2G tariffs by 11 percent. A customer care executive said the 1 GB pack of 3G with a validity of 28 days will now come for Rs 295 compared with Rs 249 earlier, while a 1 GB, 2G data pack for will now come for Rs 195 with 28 days validity as against Rs 175 earlier. The company has also reduced validity of various packs. For instance, customers will now get a validity of 7 days with a recharge of Rs 247 for 1 GB, while earlier it used to cost Rs 249 with 28 days validity. Idea is the first telecom operator, which has increased data tariffs after the March spectrum auctions.

Expected movement for this Month:

 BUY:

Idea Cellular was last traded at Rs 178.25, up 2.5%.It is good telecom stock to invest our money.Last Friday Open was 174.90 ,high was 179.15 and Friday close was 178.25.we can buy Idea at current market price (178.25). We can buy this stock when IDEA Equity crosses 175 level. Strong support is there for this stock. so my first target is 180.20 and second target is 181.32 (You can exit at this level). Finally my exit target for this month Buy is 183. So please buy 1 lot of idea future at current level and exit at 183.

 For small investor please buy IDEA 180 call option at 4.Target is 6.

Lot size of idea future is 2000.

SELL:

According to last month high and low, we can short this stock when it crosses 171.60.
 So my first target is 306.93, second target is 167.03 and exit target for short is 164.88.we can short the IDEA stock future at 171.60 level. Please find the below table.