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Buy Idea Cellular, says Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks recommends buying Idea Cellular in the telecom space.

July 29, 2013 / 17:12 IST
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Gopi Suvanam, Founder of InvestWorks told CNBC-TV18, "I will be positive on Idea Cellular going forward. I won't be really positive on Reliance Communications. We have to see what is happening to various newsflows that is coming and how the deleveraging would go on. So, I would take it with a pinch of salt. But if I have to pick one that would be Idea."

The share touched its 52-week high Rs 165.00 and 52-week low Rs 77.85 on 26 July, 2013 and 09 August, 2012, respectively. Currently, it is trading 3.3 percent below its 52-week high and 104.95 percent above its 52-week low. Market capitalisation stands at Rs 52,899.94 crore.
first published: Jul 29, 2013 05:12 pm

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