Bharti Infratel may list below Rs 200, says SP Tulsian
Bharti Infratel, one of the largest telecom tower infrastructure service providers in India, is set to list its equity shares on the BSE and NSE on Friday, December 28, 2012. Investors look sceptical about the listing of tower company tomorrow as sources say the issue was trading at a discount in grey market.
December 28, 2012 / 09:30 IST
Bharti Infratel, one of the largest telecom tower infrastructure service providers in India, is set to list its equity shares on the BSE and NSE on Friday, December 28, 2012. Investors look sceptical about the listing of tower company tomorrow as sources say the issue was trading at a discount in grey market.
SP Tulsian of sptulsian.com says, "I am expecting listing to happen below Rs 200, because if you see the dull response by the HNIs and the retail their interest will not be too much seen in the stock. They will not be coming in to buy even at the lower levels and the kind of subscription which we have seen from the institutional investors, even they will not be interested in hiking their stake or making the renewed buying in the company. So maybe a price of about Rs 190-200 for a major time of the stocks to rule at."Also Read: SME IPO: VKC Credit files DRHP with NSE Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
