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Nerve News 20 May 2010 All telecom stocks in green a day after 3G auction

by Equity Head at SMC Global Securities Limited on May 24, 2010

  • 180 views

“The 3G auction price will certainly act as a trigger for consolidation in the sector,” said Jagannadham Thunuguntla, the equity head for leading brokerage firm SMC Capital....

“The 3G auction price will certainly act as a trigger for consolidation in the sector,” said Jagannadham Thunuguntla, the equity head for leading brokerage firm SMC Capital.
“But in the meanwhile, investors are not going to be kind to telecom stocks as the price paid for spectrum has been way above expectations,” Thunuguntla told IANS, adding these stocks were already out of favour since last year.

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Nerve News 20 May 2010 All telecom stocks in green a day after 3G auction Nerve News 20 May 2010 All telecom stocks in green a day after 3G auction Document Transcript