Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Outskill Genai
    HomeNewsBusinessIdea Cellular to head below Rs 98; prefer HDFC, ITC: Ashwani Gujral

    Idea Cellular to head below Rs 98; prefer HDFC, ITC: Ashwani Gujral

    Ashwani Gujral of ashwanigujral.com is of the view that Idea Cellular to head below Rs 98 while one may prefer HDFC and ITC.

    March 21, 2017 / 12:09 IST

    Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Basically looks like a narrow range day, but Neyveli Lignite Corporation has opened up 7 percent so out there, there could be follow through. Day of individual stocks, I think Idea Cellular will break Rs 98 at some point and move even lower. So, telecom remains a short trade. Post this D-Mart listing, I think these retail stocks should also come off, but overall pretty flat type of day."
    "HDFC is moving up slowly, so that is something people can look at. Even ITC is up 1 percent. Overall there is more on the short side in the pharma space, so that is where you will get traction," he said.

    first published: Mar 21, 2017 12:08 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347