Rohit Chordia bullish on Idea Cellular

Rohit Chordia, associate director of Kotak Institutional Equities told CNBC-TV18, "We continue to be bullish on Idea Cellular. Operationally they remain the best operators in the industry. There is a spectrum auction hump next month and that one is fairly tricky to call. We will see what happens but operationally this company is doing what it needs to do. It is growing EBITDA at a fairly healthy rate and the balance sheet is still the best in the industry. So, I continue to like that stock."

At 15:06 hrs Idea Cellular was quoting at Rs 151.30, up Rs 0.55, or 0.36 percent. It has touched an intraday high of Rs 151.80 and an intraday low of Rs 150.