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Motilal Oswal neutral on Idea Cellular

Posted on: March 31st 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its neutral rating on Idea Cellular in its March 26, 2009 research report. “Idea is highly leveraged to mobile RPM movements given lower margins (PAT margin of 8% v/s 22-25% for Bharti and RCOM) and no significant non-wireless business. …

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