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Aug 10, 2012, 12.24 PM IST
Sudarshan Sukhani of s2analytics.com is of the view that one can hold Idea Cellular. Exit Subex even at lower level.
Sudarshan Sukhani of s2analytics.com is of the view that one can hold Idea Cellular . Exit Subex even at lower level.
Sukhani told CNBC-TV18, "Do not average Idea Cellular. The point is that if one is any kind of a long-term trader or even a position trader having something like three month or more time horizon one have to hold on to Idea and that applies to Bharti Airtel also. We have no way of saying that the end of this decline has come about inspite of today’s small rally but blue chips have to be held when they go through the sudden sharp declines. One cannot exit at the last moment. So hold on to Idea, do not average, sooner or later you will get your price and even profit that time horizon is unknown. But just wait.
He further added, " Subex slip from Rs 24 to Rs 14 and that was quite sudden. If I owned the stock I would get out even at this horrible price."
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