Pritesh Mehta of IIFL told CNBC-TV18, "Idea Cellular is a classic case of buy on declines. This is one of the uptrending stocks in a weak market. We have seen in the recent trading session the stock collapsing from the levels of Rs 176, but for last four months the stock is moving along with the support of its 50-day moving average."
"Right now it is placed at a similar support. So, around Rs 155-156 one can enter with a stop loss of Rs 150 and we can see a target of Rs 168-170 in maybe a week's time," he added. The share touched its 52-week high Rs 176.35 and 52-week low Rs 77.85 on 02 August, 2013 and 09 August, 2012, respectively. Currently, it is trading 11.03 percent below its 52-week high and 101.54 percent above its 52-week low. Market capitalisation stands at Rs 52,021.31 crore.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!
