Month: January 2010

Idea Cellular – Pricing Pressure means early consolidation

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The management of Idea Cellular in its conference call has indicated that any further pricing pressure in near-term would lead to faster than expected consolidation.

Idea stated that revenue growth from recharge fee (due to migration of existing subs to lower price points) is lower than average revenue growth and hence was not significant contributor to 3Q revenue.

Idea mgmt expects to benefit from economies of scale/lower access

Read moreIdea Cellular – Pricing Pressure means early consolidation

JSW Energy Trading just 2.5% above IPO Price – Powerless Listing

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JSW Energy which raised money in the capital market last month listed on the bourses today and is trading at Rs 102.50, just 2% above the IPO issue price of Rs 100. Experts on Dalal Street had AVOIDED the issue since the price range during the IPO was Rs 100 to Rs 115 and had the management issued it at the upper band like all others did, then it would have been trading at 10% discount.

Read moreJSW Energy Trading just 2.5% above IPO Price – Powerless Listing