IDEA Cellular looks attractive at current prices. The stock can be bought with stop loss of Rs.133 for target of 141-145. The stock is trading at the current price of Rs.136. The stock can be bought for intraday trading. However, for long term investors as well, the stock is attractively priced.

On NSE, the stock has touched a 52-week high of Rs.160.90 and a low of 84.40.

As per Technical Analysts at Angel Broking, the stock may reach Rs 170 in next 6 – 8 months. The mobile services business of Idea Cellular has been growing decently. The company may be offering many new products in coming quarters. As the company has started aggressive marketing campaigns, the results for coming quarters should be better. Idea cellular entered the capital market with an initial public offering of Rs 21,250 million for equity shares of Rs 10 each for cash at a premium through a 100% book-building process.

The company management is having robust plans for future growth. The stock may offer positive surprises to long term investors.