Vodafone - Idea merger: Should you buy Idea Cellular?

Over the past two sessions, Idea Cellular has rallied nearly 35%

Idea Cellular continued its journey north at the bourses on Tuesday with the stock rallying over 7% on the National Stock Exchange (NSE) in morning trade to Rs 105 levels. Over the past two sessions, it has gained nearly 35%. By comparison, the Nifty50 index has lost 0.5% during this period.

The rally comes on the back of reports that UK-based Vodafone is in talks for an all-stock merger with Idea Cellular. This would make the combined entity the largest telecom player in terms of revenue.

“The combined entity