Buy Idea Cellular, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Idea Cellular is a buying opportunity. I am very comfortable with stocks which are going up and which goes through a correction. So Idea would be my preferred choice in the telecom sector."

"Bharti Airtel is something we will simply avoid and Reliance Communications is no longer in that high flying category, it is to be completely avoided," he added. At 11:24 hrs Idea Cellular was quoting at Rs 154, up Rs 4.00, or 2.67 percent. It has touched an intraday high of Rs 155.60 and an intraday low of Rs 148.40. The share touched its 52-week high Rs 177 and 52-week low Rs 75.85 on 16 August, 2013 and 04 September, 2012, respectively. Currently, it is trading 12.99 percent below its 52-week high and 103.03 percent above its 52-week low. Market capitalisation stands at Rs 51,068.96 crore. Also Read: Idea may get new licences soon