Idea Cellular has target of Rs 105: Rajesh Jain

Idea Cellular has target of Rs 105, says Rajesh Jain, Independent Market Strategist.

Jain told CNBC-TV18, "Idea has an intraday target of Rs 105. The reasons for buying Idea are all too well-known, an improvement in the realizations per user, more minutes of usage per user and the likelihood of the cutthroat competition in the sector coming to an end are the positives in the stock."
He further added, "Idea has the highest number of active subscribers in the entire space and this makes it an attractive pick. Finally the 3G rollout has also been successful and should eventually lead to a value addition in its product and service offering."