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Jul 12, 2012, 08.23 AM IST
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Idea Cellular.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Idea Cellular .
Sukhani told CNBC-TV18, "I would buy Idea Cellular because it is just coming out of a trading range. So the big spectacular moves that we saw in MRPL have yet to come in Idea and we are well positioned to take advantage of it." He further added, " Bharti Airtel is giving the same bullish patterns, which Idea is doing. Bharti is slightly better but independently Idea is a buying opportunity. Today, if it builds on its gains, traders should go long in it. The target of Rs 88 which is quite ambitious, I think will come about."
Idea touched its 52-week high Rs 103.65 and 52-week low Rs 71.20 on 06 Sep, 2011 and 24 Apr, 2012, respectively.
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