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The country’s telecom sector seems to be undergoing a lot of churn with the entry of a new player and merger talks between two incumbents. Even though the sector has been a rank under performer in the past, Indian telecom stocks are very attractive from a three-year perspective, according to S Naren, Executive Director at Chief Investment Officer at ICICI Prudential.

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Buy Idea Cellular above: 109.25 Targets: 110.83 — 111.50 — 113.21 Stop loss : 107.64

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