Dalal Street Investments
Top

Idea and MindTree – Post IPO

March 9, 2007

Idea Cellular listed just a while ago around Rs 89, 18% premium to issue price. Considering the recent blood bath on Dalal Street, Investors are recommended to exit atleast half of their holdings in Idea Cellular. Going forward, Idea will have a tough time to battle Airtel and other GSM operators because of Birla Groups involvement in too many capital intensive businesses – Retail and Commodities. Idea will not enjoy the same premium as Airtel and RCom.

MindTree listed around Rs 650 and is trading at Rs 615. Long Term investors[18+ Months] can add more around Rs 550 levels while short term investors can sell off as you have mere 15 shares allotted and consider BUYING TCS at lower levels – Rs 1125.

Comments

Got something to say?






Bottom