Sanjay Chawla of JM Financial told CNBC-TV18, "We like Bharti Airtel and Idea Cellular. But in the near term for the next three-six months we believe that Bharti has greater potential to outperform Idea because the voice RPM outlook is a bit muted in the near term and that is when the relative appeal of Idea tends to diminish a little bit."
"In terms of absolute upside also on our target price Bharti has got better upside than Idea. Thirdly there is of course some QIP related, supply related overhang so far as Idea is concerned in the near term," he said.
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