Target for Idea Cellular at Rs 132, says Manghnani

According to Anil Manghnani of Modern Shares & Stock Brokers, the target for Idea Cellular is Rs 132.

Manghnani told CNBC-TV18, “I still think there is a lot of momentum in Idea Cellular. It broke out at about Rs 112 and now it is retracing. I think the retracement can be bought. The 20 exponential moving average (EMA) is about Rs 109, keep that as a stop loss. I am working with a target of Rs 132.” Also Read
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