Positive on Idea among telecom stocks: Sinha Roy

Gautam Sinha Roy of Motilal Oswal Securities likes Idea Cellular within telecom space. He advised accumulating Dabur if the stock corrects below Rs 150.

Sinha Roy told CNBC-TV18, “We like Idea Cellular a lot because of the decreasing competitive intensity in the Indian telecom space and we have seen very good quarterly numbers coming in from Idea with strong quarter on quarter traction in traffic. We also expect that the realisations have bottomed out and will expand from here. So, continue to be positive on the telecom and Idea within that.”
He further added, “We also like Dabur a lot on the long side but that has moved up quite sharply on Friday. At this price maybe not much of an upside but if we see some bit of correction in Dabur below Rs 150 that would be another good stock to accumulate.”