my analysis of the price movement on listing day is that company circles are not operating the Ashoka scrip, as compared to Bedmutha. Just look at Bulk deals data for two companies to prove the point. Ashoka offers an opportunity to all those who got poor allotment to buy from secondary market . Yeh lambi daud ka ghoda hai. There is very little risk. If u want a pure Road player, Ashoka is the answer
Hi Ravi Bangalore, I did read your msg 585, well in time to take appropriate action to sell, but my ISP failed. Please advise if Ashoka will move up in near future. I may not wait for the tgt of 366 --- anything around 340 will do. Thanks
What is happeninh fundamentally stock is making mad, we also understand that the promoter is making phool to retail investor all all issue its seems only short covering against grey market what will happen of coal india i am sure that coal india also will dip after listing
Very well said friend. It is really painful to see that fundamentally good stocks (ipo grade 4) like tecpro, eros, ashoka are not providing any good listing returns whereas operator driven stocks are the ones which give bumper returns.
It certainly gives a wrong signal to investors and definitely SEBI should look into this matter ASAP.
But remember holding onto fundamentally good stocks give good returns in medium to long term, so do not lose hope.
PS: I hope u have not sold all ur allotments for meagre listing gains :)
I had bought shares for this company for through IPO. Unfortunately, I couldn't get any shares but the amount has not been reverted back into my account till now.
Any ideas how much time will it take to revert back in my account?
Ashoka 355- Target 365, 380. Stop-loss 330. Based on two-and-half hours data. Main Risk is Data Insufficient. However, as it is new listing, lot of action. Hence, attracts to trade.
risk is in involving with the ipo like sea tv and bedmuta which are operator driven stock .Ashoka buildcon is a strong fundamental stock and is for long term . the principal in these stocks is safe and retailers are afterall not traders ..they are investors and thus should no9t involve in operator driven stocks...sea tv and bedmutha will both go down in another 2 sessions with lower circuit and the retailors will suffer.ashoka will go upto 375 in next 2-3 trading session as the quality buying will come in now
Why suffer?. Protecting capital is important than taking risk. Particularly I am happy with 550Rs. profit on 1L application, also feeling happy for other members who are holding till now and bought in the morning when low and still holding them.
nice company bt i we can buy ILFs trans instead of this bt i think it will go arrnd 365 to 380 coz QIB break even price is arrnd 380. im holding my shares bt will sell today itself...