Vodafone Idea Ltd. share price target

Idea Cellular has reported healthy sets of number in Q4FY15. Total Revenue of the company improved by 5.1% QoQ (19.6% YoY) to Rs. 8422.5 cr in Q4FY15 on the back of better than...

Robust CAPEX plan coupled with focus on execution to keep revenue on the growth path: The company incurred capital expenditure of over Rs. 22,000 crore in FY14, Rs. 17,700 in 9M FY15 and plans to invest similar amounts during each of the two years until FY17. The company's major cost is capital expenditure on setting up transmission lines, while there is hardly any operational cost. As a result it has an operating margin as high as 90%. Capitalization ratio for 9M FY15 stood at 98%, significantly higher than 80% in FY14 and 86% in FY13 reflecting management's focus on execution. On the back of robust CAPEX plans with timely execution, we expect PGCIL to register...

Buy on dips to Rs 156 - Rs 164 for target of Rs 182 in one quarter

IDFC was awarded an in-principle approval for a banking license in Apr-2015 by RBI and it is currently in the phase of transforming from NBFC to a Bank. Every shareholder will be given 1 share of IDFC Bank for every share held in IDFC Ltd. Most of the business will be transferred to the new entity and IDFC Ltd will remain as a non-operative financial holding company (NoFHC). The demerger process is expected to be completed by Oct-2015. With superior capitalization levels (~23% Tier I Capital), quality management team (recruitment of key managerial personnel already done) and significant FII headroom (~23% in Oct 2015 in IDFC Bank), we believe there will be strong growth potential in IDFC Bank....

Idea Cellular's reported Q4FY15 numbers were ahead of our and consensus estimates on account strong revenue growth and judicious cost management. Idea Continues to grow significantlyaheadofthemarketwithmarketsharegainsinbothdataandvoice.Wehave...

Ideas 4QFY15 results exceeded estimates with revenue and EBITDA growing at 20%YoY/5%QoQ and 37%YoY/11%QoQ. Idea continues to grow faster than the industry, benefiting from operating leverage.