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Moneycontrol.com >> Messageboard >> Stocks >> Idea Cellular >> Big Game is Being Played in Telecom Stocks
   You are here :     Moneycontrol     MMB    Stocks      Idea Cellular                         Most active discussions of 2006 , 2007 & 2008
Big Game is Being Played in Telecom Stocks (17)   21-Oct-09 18:27Track this thread   Tracked by (0)  
Posted by:   ambarsaria on ( 21-Oct-09 18:27 )
Price : BSE: Rs 60.50 ( -2.50 % ), NSE: Rs. 60.55 ( -2.42 % )
A big game of accumulating telecom stocks is under way in india, why it`s indian stocks that are trading at lows bcuz of many reason. always remember it was telecom companies that were largest contributer to service tax when it was introduced for the first time. next is 3G licensing. that is going to be a very big event of value close to 30,000/- crores. first it was 7dec on which date was fixed for auction but later it was postponed due to interest/requests from international telecom oparators requests for participating in the auction. actually they needed more time to accumalate indian telecom stocks so that when foreign companies participate in auction they have full strength to their favour..the day the postponement of auction dates were announced the stocks took dip so that consolidation in stocks can be made and invest in telecom stock... today it`s 1sec pulse that is made the root cause of decline in prices of stocks but it`s not true..very soon when 3G pricing will be made people will know the amount of revenue these companies will genarate to their maximum profits..happy trading..
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