Published on 14/11/2017 12:21:47 PM | Source: Dion Global Solutions Ltd.

Idea Cellular dips over 2% as Q2 loss widens

Posted in Stock On The Move | #Idea Cellular Ltd #Telecom Sector #Stock On The Move #Quarterly Result


Shares of Idea Cellular slipped over 2 on the Bombay Stock Exchange after the company reported standalone net loss of Rs 1236.80 crore in Q2 FY18, as compared to net loss of Rs 42.79 crore in the previous year quarter. Weighed down by weak Q2, shares of the auto major declined as much as 2.56 per cent to touch intra-day low of Rs 91.15 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 0.59 per cent lower at Rs 92.80 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,942.76, down 90.80 points, or 0.28 per cent, at 12:00 hours.