Sandeep Shenoy positive on Idea Cellular

Sandeep Shenoy, ED-Instt Eq at Anand Rathi Financial Services told CNBC-TV18, "We are positive only on Idea Cellular at the current juncture because it’s a focused India play. Not only do they have policy overhang which is also common to Idea but the overhang of multiple other things maybe overseas market or other businesses which are not exactly connected or maybe linear extrapolation of the Indian consumer of market are having a huge overhang."

"It makes sense to stick to a predictable story in this and Idea happens to be the only one fitting that criteria at the current juncture," he said.