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Ideal Cellular: Good investment in Large Cap stock for long term



A sharp reversal in its stock price from Rs 161 to Rs 91 makes Idea Cellular a good investment for those looking to add a large-cap stock to their portfolio. Investments with a 18-24 months’ horizon can be considered in the stock. At Rs 91, the stock trades at 24 times its current earnings and 19 times its estimated FY-09 earnings.

With earnings and subscriber growth rates comparable to its top-tier listed peers, the stock may deliver reasonable capital appreciation. These are few of the reasons why Idea has strong position in the telecom services landscape.

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