Buy Idea Cellular, advises Sudarshan Sukhani
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “One can buy Idea Cellular .
It is breaking out of a trading range and is a very strong bullish stock in any case.
So once this trading range breakout takes place then it sustains follow through till the end of the day and even tomorrow.So Idea Cellular would be a buying opportunity for today.” At 13:49 hrs Idea Cellular was quoting at Rs 173.90, up Rs 5.35, or 3.17 percent. It has touched an intraday high of Rs 174.25 and an intraday low of Rs 169.20.
The share touched its 52-week high Rs 177.00 and 52-week low Rs 82.25 on 16 August, 2013 and 11 October, 2012, respectively.
Currently, it is trading 1.75 percent below its 52-week high and 111.43 percent above its 52-week low. Market capitalisation stands at Rs 57,677.70 crore.