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Idea Cellular

TradeAnalyze
Bronze Member

455 Messages

Finally the CAT is coming out of the bag. Promoters have assured government that they will infuse amount into the company. Reports speculating that it will be around Rs 10k crore. Now people can clearly understand why this share was kept in single digit for almost more than 2 years and still not allowed to go its actual value. Promoters want to infuse money and collect shares at dirty cheap price. This what I was writing here in the last two years that this share will start moving after KMBs fund infusion and nothing much will happen in the share price till that happen. Dont try to defend Promoters saying that share was available even at 3 to 4 rs and if they wanted to buy they might have collected vary easily. If you think in that way then you dont have ability to analyse how the share price will move when certain number of equity is removed from market by promoters. They cant even collect 100 crore shares in single digit. Because the share price will start moving more than 20 to 25 rs if they do. Then imagine how come they can collect 350 to 500 crore shares which they will now infuse through preferential allotment easily with 10 to 11 rs range if they go as per sebi guidelines of preferential allotment. Anyway if that happens soon then it will be too good for shareholders. Because VI will move towards its actual value after that. Will write separate post about the possible options for KMB to equalize shareholding with PLC. Good Times already started. Hold your shares with patience.This will reward you big in couple of years. Telecom sector will be treated similar to IT sector in market after few years. Patience is key here to ripe the fruits.

11.34 AM Sep 28th
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