Avoid Bharti Airtel; prefer Idea Cellular: Sandeep Shenoy

Sandeep Shenoy of Anand Rathi Financial Services told CNBC-TV18, "Bharti Airtel - during the result time there was too much of optimism and we were clear in our mind that the company is still within problem zone and it’s not going to exit that in a hurry. It has got something or the other coming out of the African operation be it on Nigeria front, be it on currency front, be it on the debt front."

"I think its going to be a too many moving parts and most of it sinking on it in the negative direction. So, its going to be a tough call on that, so I would rather ignore Bharti Airtel for at least a couple of more quarters and plump on to Idea Cellular at current juncture," he added.