MUMBAI: TCS, ITC, HCL Tech, Tata Motors, Idea Cellular and MRF are among the stocks identified by Ambit Capital that could fetch multi-fold returns. The brokerage has identified 30 stocks in the BSE 500 index based on accounting quality and corporate governance filters.

We maintain ‘hold’ on Idea Cellular with a target price of R150 per share. While Idea’s 4G launch will strengthen its high-speed data offering, the coverage is not only thin but also in circles where 4G device penetration is low. We would hence wait to see the company’s pricing strategy for major cities where device penetration is better. Hence, we remain cautious.

Consider these numbers. Vodafone has 1.56 million sq ft under retail, with 9,880 exclusive stores. The country’s largest private telecom operator Airtel has 2,350 branded stores covering approximately 1.41 million sq ft.

Idea Cellular has 800,000 sq ft of retail space in the market, putting together 7,200 stores in 5,200 towns. Telenor, which currently operates in six circles, has 2,000 small format stores each measuring 130 to 150 sq ft, covering approximately 280,000 sq ft of retail space.

Idea Cellular, Aditya Birla Group's telecom company, signed a memorandum of understanding with Akshaya Patra Foundation in Odisha for providing mid-day meals to school students in the state.

Around 47,000 students from 625 schools in 10 locations of the state would benefit through this initiative.

IDEA has signed an agreement to purchase Videocon’s 1800MHz spectrum in Gujarat and Uttar Pradesh-West circles. These are 2x5MHz blocks each, and are conditional on approvals.

The purchase price is R33 bn, or ~$500m, which seems expensive. Videocon acquired this spectrum back in 2012 for roughly R13 bn. But more relevant is the recent March-2015 auction, and these prices are almost double the final auction price then.

In India’s first telecom spectrum trading transaction, Videocon Telecommunications, a subsidiary of Videocon Industries, on Tuesday sold its spectrum in Gujarat and UP (West) circles to Aditya Birla group’s Idea Cellular at a valuation of Rs 3,310 crore.

A top official of Videocon said the company was also in talks with multiple bidders to sell its spectrum in UP (East) and Bihar circles at a valuation of Rs 3,500 crore. It will also sell spectrum, subscribers and network in Madhya Pradesh and Haryana circles for Rs 4,000 crore by early next year.

Adani Ports & Special Economic Zone (SEZ), Bharat Heavy Electricals Limited (BHEL), Idea Cellular and Sun Pharmaceutical Industries from the Nifty 50 companies have hit their respective 52-week lows on the National Stock Exchange (NSE).

Adani Ports has dipped 5% to Rs 262, its 52-week low on the NSE. The stock slipped 8% in two trading days from Rs 285 after the company through its subsidiary Adani Kattupalli Port, has entered into an in principle agreement for the strategic acquisition of the Kattupalli Port in Tamil Nadu from L&T Shipbuilding.

Ideal Cellular has dipped 6% to Rs 143 on the BSE in otherwise firm market after the company’s July-September quarter (Q2) consolidated revenues slid 1.2% quarter-on-quarter (QoQ) to Rs 8,690 crore led by a fall in voice pricing and voice minutes of use due to an increasing rural subscriber base and seasonal effects.

Earnings before interest, tax, depreciation and amortization (EBITDA) margins declined 150bps QoQ to 35.2%. Net profit too declined 13.1% sequentially at Rs 809 crore, but it's better than analyst expectation of Rs 787 crore.

We believe accelerated 3G/4G investments by Idea Cellular would hit operating margins in FY16/17 as the company strives to improve coverage/ quality of data services in key circles.

Also, there is an upside risk to capex intensity in the following years. We have cut our FY16-17E Ebitda by 1-7% as we lower margin assumption for FY17 by ~150 bps to 35.5%.

India’s third-largest mobile phone operator, Idea Cellular, on Tuesday said it was setting up infrastructure to launch fourth-generation (4G) services in 10 circles by June and said it would soon catch up with operators which had launched the service.

“I want to tell our investors that we are aware of market movements. We may be six months behind who chose to start earlier, but we will be catching up and are deploying 4G infrastructure as fast as we can,” chief executive officer Himanshu Kapania said during an analyst conference call on Tuesday.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.