Prefer Idea Cellular in telecom space: Sandeep Bhatia

Sandeep Bhatia, Executive Director & Head of Sales of Kotak Institutional Equities told CNBC-TV18, "Any improvement in Reliance Communications is good for the banking sector. So what we have seen is probably moves on the back of anticipation that we are seeing some resolution of the problems the business is in. As far as investors are concerned, we have not been pushing that name, one would prefer to look at Idea Cellular, which is a clear domestic play with no balance sheet issues. So that is something, which I would think investors are better off investing in."