Like Idea Cellular from telecom space: Devang Mehta

Devang Mehta of Anand Rathi Financial Services told CNBC-TV18, "We continue to like Idea Cellular, but overall the telecom space still has a lot of headwinds. We do not feel that numbers would come in that strong, even for Bharti Airtel as the African business has already given a lot of trouble to the proceedings. So, we feel that if somebody wants to buy something from the telecom space, then Idea is one stock. Otherwise, we would rather be underweight on telecom at this point."On Tuesday, Idea Cellular closed at Rs 164.50, down Rs 6.55, or 3.83 percent. It has touched an intraday high of Rs 171.45 and an intraday low of Rs 163.05.