Moneycontrol
Mar 21, 2017 03:13 PM IST | Source: CNBC-TV18

Nothing exciting in Idea; will trade sideways in near term: IIFL's Bhavesh Gandhi

In an interview to CNBC-TV18, Bhavesh Gandhi, Research Analyst at IIFL shared his readings and outlook on Idea Cellular.

In an interview to CNBC-TV18, Bhavesh Gandhi, Research Analyst at IIFL shared his readings and outlook on Idea Cellular.

He further added that margin trajectory for the company will be slow in the first two years and the stock will remain sideways in the near term.

According to him, there is nothing exciting in the stock.

Sanjay Chawla, Telecom Analyst at JM Financial said that the merger is positive and vital for both Vodafone India and Idea Cellular.

He further added that there could be another 10-15 percent downside for the stock from here.

X
Sections
Follow us on
Available On