Idea Cellular
Idea Cellular
CMP: Rs 112.20
Target price: NA
Brokerage house UBS Securities is recommending its clients to start accumulating shares of Idea Cellular, saying the management is taking the right steps to create shareholder value.
“Idea Cellular is focused on execution and their current outsourcing contracts with Ericsson and Nokia-Siemens address scalability issues. With Indus Towers, Idea has been able to not only gain access to large footprint of towers improving its speed to market but also monetise its tower portfolio,” the UBS note to clients says.
“We believe that Idea Cellular is less understood by the market currently as most investors focus on the relatively larger capitalisation stocks such as Bharti Airtel and Reliance Communications,” the note adds
