One can buy Idea Cellular on dips, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Idea Cellular was in a correction of some kind. That correction ended on Friday. We have tried to buy Idea earlier but the correction was going on. So, sometimes one take the trade and that do not work out. However, the trend is intact.”
He further added, “In case of Idea the uptrend is very much visible, all dips should be bought into. I would assume that the rally should renew itself today; not only in Idea but also in Bharti Airtel but today perhaps Idea should see a bigger follow-through."
At 09:47 hrs Idea Cellular was quoting at Rs 117.50, up Rs 1.15, or 0.99%. It has touched an intraday high of Rs 117.95 and an intraday low of Rs 117.
The company's trailing 12-month (TTM) EPS was at Rs 2.56 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 45.90. The latest book value of the company is Rs 38.94 per share. At current value, the price-to-book value of the company was 3.02.
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