Sell Idea Cellular, Bharti Airtel: G Chokkalingam

G Chokkalingam, Founder & MD at Equinomics Research & Advisory told CNBC-TV18, "I would use this opportunity to sell Idea Cellular and Bharti Airtel. My firm view is that Jio would pull down the margin for the existing players.""Those who are holding Reliance Industries can hold it because between Rs 1,250 and Rs 1,300 could be a short-term target but otherwise I would certainly use this opportunity to sell Bharti Airtel and Idea because the penetration has peaked out in telecom space and competition will be very intense. So, there would be a lot of pressure on these existing players. Therefore, I would sell these two stocks," he added.