A block deal of 9.98 lakh shares was traded at 10:46 IST. Another block deal of 5 lakh shares was traded at 11:01 IST. The two block deals constitute 0.04% of Idea Cellular's equity.
Meanwhile, the S&P BSE Sensex was up 126.84 points or 0.69% at 18,564.62.
On BSE, 15.97 lakh shares were traded in the counter as against average daily volume of 4.33 lakh shares in the past one quarter.
The stock hit a high of Rs 107.50 and a low of Rs 04.90 so far during the day. The stock had hit a 52-week high of Rs 124 on 16 January 2013. The stock had hit a 52-week low of Rs 71.20 on 24 April 2012.
The stock had underperformed the market over the past one month till 8 April 2013, sliding 8.04% compared with the Sensex's 6.33% fall. The scrip had, however, outperformed the market in past one quarter, declining 3.82% as against Sensex's 6.61% fall.
The large-cap company has equity capital of Rs 3314.32 crore. Face value per share is Rs 10.
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The Supreme Court on Monday, 8 April 2013, allowed Bharti Airtel, Vodafone India and Idea Cellular to continue 3G pacts, allowing them to offer 3G services outside their licensed zones, until the next hearing on 11 April 2013.
The telecom department had termed Airtel, Vodafone and Idea operations in seven circles, where they don't have licence, as illegal. The department had earlier said that the 3G roaming pacts were forged in a sheer violation of licensing terms and conditions, and such pacts have deep impact on spectrum auction. The telecommunications ministry had asked Bharti Airtel, Vodafone and Idea Cellular to end the pacts.
Idea Cellular's consolidated net profit rose 13.7% to Rs 228.57 crore on 11% growth in net sales to Rs 5572.16 crore in Q3 December 2012 over Q3 December 2011.
Idea Cellular is India's 3rd largest mobile operator, with over 117 million subscribers.
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