Should You Buy Idea Cellular Stocks?

While buying a stock, it is essential to look at the future prospects of the company, especially if you’re looking for growth in your portfolio as an investor. However, since Reliance Jio has entered the market, there has been a revenue drop in all the wireless network provider companies. Analysts suggest that investing in Idea Cellular Limited could be beneficial in the short-run, but the volatility of the stock is immense. The company is still struggling with high leverage and debt levels and it might be unable to make capex infusions to increase its 4G penetration. It is better to avoid investing in Idea stocks for the long run. However, if the company manages to increase its number of subscribers and pacify the competition faced in the medium to long-term, you can invest in the company’sstocks.

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