Buy Idea Cellular at Rs 110-117: Manghnani

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Buy Idea Cellular at Rs 110-117: Manghnani

Anil Manghnani of Modern Shares & Stock Brokers is of the view that one can buy Idea Cellular at Rs 110-117. It was just a technical pull back yesterday in it. It has hit a target at Rs 129. So going forward Rs 129-130 may be a little bit of barrier.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Accumulate Idea Cellular; target of Rs 153: Emkay Idea Cellular Q3 net profit at Rs 236.77cr ALSO READ See previous views by Anil Manghnani See what other Experts & Brokerages are saying about Idea Cellular See messages about Idea Cellular Idea Cellular BSE | NSE 28/05/12 Are Mutual Funds betting on Idea Cellular?

Anil Manghnani of Modern Shares & Stock Brokers is of the view that one can buy Idea Cellular at Rs 110-117.

Manghnani told CNBC-TV18, "In Idea Cellular it was just a technical pull back yesterday. It has hit a target at Rs 129. So going forward Rs 129-130 may be a little bit of barrier. Probably look on the fall again, Rs 117 and Rs 110 are the lower support levels to buy into."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.