Positive on telecom including Idea, RComm: Jai Bala

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26 Aug, 2025 12:21

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Jai Bala of 1857 Advisors told CNBC-TV18, "Idea Cellular was finding significant support around Rs 135-140. However, on a long-term basis, I have been bullish on Reliance Communications. I have been maintaining a target of about Rs 167 plus from 9-12 months timeframe but it is showing good sign so far. Therefore, wait for Reliance Communications to close above Rs 75, so all the alternate bearish scenarios can be eliminated once RComm closes above Rs 75 and the same for Idea; Idea has already stabilised. These two forntline names are quite positive in the telecom."Reliance Communications closed at Rs 68.95, up Rs 1.05, or 1.55 percent.Idea Cellular closed at Rs 150.05, up Rs 0.70, or 0.47 percent.