Enter Bharti Airtel, Idea Cellular on decline: SP Tulsian

SP Tulsian, sptulsian.com advises traders to enter Bharti Airtel and Idea Cellular on decline.

Tulsian told CNBC-TV18, “One has to really wait for the response because till we see that what is happening on the ground, we can’t take the call on these stocks but yes, one thing looks certain that there are no negatives seen for the telecom stocks more especially for stocks like Bharti Airtel and Idea Cellular.”
He further added, “Any correction in the stock should be used as an entry point because generally what we see that whenever the market is buoyant, these kinds of stocks remain little subdued. These stocks start moving up once you have the shift from. In fact now the telecom stocks can also get placed in the defensive category along with tech stocks and maybe the FMCG. So, not much downside but the actual ground outcome has to be seen before taking any call on these stocks.”