Exit Idea Cellular, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "At this point in time the kind of things that we were talking of in terms of synergies coming in, in terms of the kind of market pressures that there is because of increased competition from Jio, all this is to my mind weighing more heavily on the telecom space, not just Idea Cellular but on the entire telecom space at this point in time."

"If you were to see markets returned to the kind of frenzy that they were in about two weeks back you could very easily see this stock going back to Rs 109 or even maybe Rs 115 level, but for me really there is out way, so I would really say that for me Idea Cellular is an exit at this point in time," she added.