Invest in Idea Cellular , says Vishal Jajoo, Sr Equity Research Analyst at Nirmal Bang Securities.
Jajoo told CNBC-TV18, "After Supreme Court announcement one thing is very much clear that serious players, deep pocketed players and committed ones would continue to be in the market and an understanding of this announcement sends out a message that inspite of the fact that Idea has lost some of its licences but the contribution from these licences is less than 5% of its total revenue."
He further added, "If one looks at the positive aspect I see more of consolidation happening in the telecom sector as a result of which the client acquisition cost or the distributor cost will get reduced, on the cost front and as far as the margin goes it will lead to an increase in the revenues per minute. So as a result of which the key beneficiaries would be Idea Cellular and Bharti Airtel . I think barring what has happened and this stock correction is providing an opportunity, one has to remain invested and this is the right time to invest in Idea Cellular wherein the stock correction is providing an entry opportunity."
