Sudarshan Sukhani, s2analytics.com is of the view that one can buy Bharti Airtel, Idea Cellular.
Sukhani told CNBC-TV18, "My best telecom stocks are Bharti Airtel , Idea Cellular and Reliance Communications in that order and this order changes depending on how the three charts behave. This is the current pegging order. I see lot more upside in Bharti and Idea both. Eventually I had much earlier given a target of Rs 450 for Bharti and I hold by it. Idea doesn't have targets but today morning it was a buy suggestion and that tells you my confidence. I think both telecom stocks are going to do very well. I would rather avoid RComm for the time being."
Sukhani told CNBC-TV18, "My best telecom stocks are Bharti Airtel , Idea Cellular and Reliance Communications in that order and this order changes depending on how the three charts behave. This is the current pegging order. I see lot more upside in Bharti and Idea both. Eventually I had much earlier given a target of Rs 450 for Bharti and I hold by it. Idea doesn't have targets but today morning it was a buy suggestion and that tells you my confidence. I think both telecom stocks are going to do very well. I would rather avoid RComm for the time being."
Bharti Airtel closed at Rs 367.25, up Rs 15.60, or 4.44%. It has touched an intraday high of Rs 369.00 and an intraday low of Rs 350.25.
Idea Cellular closed at Rs 118.50, up Rs 0.85, or 0.72%. It has touched an intraday high of Rs 122.50 and an intraday low of Rs 116.
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