This IPO should be allotted at lower price band of 818 as it is subscribed only 97%.See the greed of promoter.Not giving up even 3 rupees in this market condition.
-120/-125 petrol diesel price again on fire after one day relief.inflation rises.negative impact on economy.rupee crossed 74 level. Kal se amavas ke kale din ek bar phir se suru.
Experts feel valuations will get comfortable when it starts trading around Rs 600 levels. "Those who want to enter the stock can enter if it is available around Rs 550-600 levels after listing," Jain said. Tapse feels better and lower valuations would be available around Rs 650 levels
day? Tapse and Jain both advise investors to exit on the listing day itself, even if it lists below Rs 800 per share, as it looks overvalued at the current juncture. Raju Barnawal, Research Analyst at Arihant Capital Markets, recommends selling on listing. He feels the best time to enter the counter is at 2-3.5 times book.