Wednesday, October 7, 2009

Grey market prices dip alongside Telecom valuations

A few days back, there were hardly any sellers at or around 20 and buyers were available at 17-19 range. Now with the Telecom biggies taking a hit, the buyers have stepped on the back foot and the sellers have down to lower levels.

The launch of MTS Delhi on Friday could help this market look up in the short term with triggers of Russian deal and IPO related board meeting at the company around the corner.

Disclaimer

A BLOG FOR ALL THE SHAREHOLDERS OF SSTL (FORMERLY SHYAMTELELINK LTD) TO COME TOGETHER AND DISCUSS ISSUES OF COMMON INTEREST. YOU CAN REACH US AT AMSOST@GMAIL.COM