Buy Reliance Communications, target of Rs 114: Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "Maybe one can look to Reliance Communications because the kind of corrections, which we have seen earlier, after the company having announce the numbers, stock corrected to a level of Rs 100-102. This time too, we have seen negative view being taken on all telecom stocks. And the stock has corrected, tested those levels and again have been moving back."

"So probably you will be having the better upside potential in Reliance Communications rather than Idea Cellular because Idea is altogether a different stock. Even in the pessimism on telecom stocks, it has not really corrected much. So, we have been seeing the strong trading grip on Idea. But I find very limited potential going forward from current levels. So, one can go long in Reliance Communications for a target of about Rs 112-114 in the near-term," Tulsian said.