Idea shares gain after quarterly earnings beat estimates

Shares in Idea Cellular Ltd gain more than 2 percent in early trading on Tuesday after the wireless service provider posted better-than-expected quarterly earnings.

Idea Cellular reported on Monday a 90 percent jump in January-March consolidated net profit, and said it was confident about growth, as phone carriers benefit from reduced competition after a long price war.

Bharti Airtel is up 0.5 percent ahead of its quarterly earnings later in the day.


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