275.2. SSingh| Link| Bookmark|
April 18, 2023 3:33:35 PM
IPO Guru (1400+ Posts, 800+ Likes)
👌👌
275.3. Anshujii| Link| Bookmark|
April 18, 2023 5:54:11 PM
Top Contributor (700+ Posts, 100+ Likes)
@Tejas Pandya What should be the SL here ? I am also holding 2 x Full retail and 1 x SHNI ..I also applied in Rainbow hospitals and didn't sell during listing and it rewarded handsomely by giving approx 50% returns
@ Anshujii I am holding 2312 shares and not planning to sell soon atleast not in loss.. had chance in pre-open but didn't sell as I am expecting good move after dust settles.. I can wait for some time.. I was expecting that this will surprise on listing and it did surprise in negative way...it happens in stock market.. We can't expect to get profit without expecting loss.. Stop loss should be as per risk appetite of a person..
Equity Investment, be it primary or secondary is always risky. No risk no gain and of course no loss. It is true, response from HNIs and Retail to this Issue, was subdued due to a variety of reasons. But those who applied and got allotment took calculated individual decisions according to their risk appetite. In my opinion, the Promotors of this Company have nurtured it very well and took it to greater heights thus far. I trust , even though the listing has disappointed and the short term prospects are unpredictable, it will reward the patient ones in due course. This may or may not happen. To keep the share or cut loss is the Individual Investor's decision. Ultimately Market is Supreme. Some shares reward us. Some others teach us lesson and save us from doing greater mistakes.
I had warned earlier as well. Get out of this very expensive junk share if u dont want your capital to erode 60-70% in 1 year. There are many better companies availbale in market to buy. Dont know why retailers subscribe in such poor quality ipo.
Total HNI and Retail Allotment is about 30.3 Lac Shares. Once the initial selling pressure is over, the Stock may bounce back and well surpass the Issue Price. Will hold the 3 Retail Lots of 34 each for the medium term.
How is USK related to this? USK went down because of the imminent political change in Karnataka after the elections. This company is not based out of Karnataka.
If it listed in positive. It will create be positive sentiment/buzz for IPOs. Know it listed negative and usk has hit lc. It is my own analysis. I may be wrong also.
271.3. Earthking| Link| Bookmark|
April 18, 2023 12:59:45 PM
IPO Guru (1300+ Posts, 500+ Likes)
I feel today USK will move to positive territory ... lets c
271.4. Earthking| Link| Bookmark|
April 18, 2023 4:37:46 PM
IPO Guru (1300+ Posts, 500+ Likes)
USK is going opposite way of my prediction... Now losing complete hope on this...
What a disappointing day for Avalon Tech. Not a good listing and the worst closing. A loss of about 9%. Closing below 400. Many members were expecting 10 to 20 points positive listing. GMP was also quoted positive. No one was negative. Share Market is King. No one is King of King. Was a bad day for sHNIs and bHNIs. Some members were expecting a lot from this IPO. Think again for applying for coming IPO.
@everyone @Noorul@SS singh and all other respected members, is this a good time to take entires in IT stocks , like Infosys, tech mahindra , for long term
Get out of this very expensive junk share if u dont want your capital to erode 60-70% in 1 year. There are many better companies availbale in market to buy. Dont know why retailers subscribe in such poor quality ipo