Sudarshan Sukhani of s2analytics.com advised buying Idea Cellular on dips.
Sukhani told CNBC-TV18, "I would still be a buyer in Idea Cellular. Nifty is giving a sign of distribution. So buying should be done very carefully, not stock specific today. One should just follow the Nifty. If it is going down, do not buy anything. Idea Cellular is a buy but I would stay away from it, only buy it on a dip."
At 11:04 hrs Idea Cellular was quoting at Rs 136, up Rs 3.40, or 2.56 percent. It has touched a 52-week high of Rs 136.35.
The company's trailing 12-month (TTM) EPS was at Rs 2.28 per share. (Mar, 2013). The stock's price-to-earnings (P/E) ratio was 59.65. The latest book value of the company is Rs 41.40 per share. At current value, the price-to-book value of the company was 3.29.
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