10.1. KGSKIPO| Link| Bookmark|
July 4, 2024 2:30:36 PM
Top Contributor (400+ Posts, 100+ Likes)
Very bad decision by NSE and it favours big brokers. The big brokers buy the shares during pre open due to their high speed ordering system and retailers cannot compete. These brokers make fat profit till UC opens The small retailers who want money has to sell at lower price to big brokers on opening day. A totally flawed decision favouring big brokers.
@KGSKIPO Fully agreed with you.. Sir!! It's a very bad for retailers who wants to buy the good sms's at appropriate price..!! Decisions is totally favourable of big Brokers..!! Operators will take full advantage of this..!! While retailers will be highly effected ..!!
Not a good decision. Instead they would have removed 90% cap in BSE SME. Retailers ki har jagah baji padi hai. FNO, SME, international funds, debt everywhere.
@Vikajay Both bse & nse should have some arrangement in place to break/restrict UC upto 3 days post listing. It will benefit market participants and will resist flippers to get good volume in pre-open. 90% pre open capping will not hurt more.
10.6. k l patel| Link| Bookmark|
July 7, 2024 1:30:17 PM
IPO Mentor (600+ Posts, 200+ Likes)
@Ankur Goel retailer wil get nothing in preopen, whoever is using autometed trading will only get shares now
This company having sales of 10MFY24 - 100.43 CR and post PE of 23.54 while direct compare of crop life science available with FY24 sales of 199 CR and available at very cheap valuation of PE of 13.
Valuation is high (at least 3X) but who cares, it may give 2X return. I may seem orthodox but would avoid this anyway due to associated 'Jeev hatya'. Promote organic farming and eat healthy. Save nature and environment for future generation. (My opinion, others may not agree with me).