u r trying to say that u did very good by applying in this co u dont know anything about value & secure investing my frend if u can apply in this co be rest asure that u are one of the gatiya ipo investor of our era u must know that this YASH BIRLA co projects itself as EDUCOMP but in real trades at second hand computesr parts. one day tumhara bada ............ marayega
BIRLA SHLOKA - ANOTHER CASE OF “EXPERTS” BEING WRONG!
Tulsyan and some other “experts” on IPO and matters concerning listed stocks unequivocally advised investors against subscribing to the recent Birla Shloka IPO. Tulsyan even imputed the ulterior motive of the promoters wanting to rake in investors’ money using the mirage of computer education!
I chose to ignore such comments or advice and chose to apply for 1080 shares @ Rs.50/-. Thanks to thus depressed sentiments on this stock when the IPO drew to a close, retail portion was undersubscribed which resulted in my getting the full quantity I had applied for!
The stock has been witnessing value appreciation in the past few days and closed @ Rs.62/- on this week’s last trading day (12th March 2010), an appreciation of 24%!
Investors, especially retail investors, must realize that investing in the stock market, including investing in IPOs, involves risk and is not for the weak hearted. I have found many times, that ignoring “expert” advice and coming to investment decisions based on my own analysis, is more often the correct thing to do. Since I am investing my own money, (and not that of any “expert”) it is an obligation I impose on myself to be clear in my mind why I am either buying into a stock, or increasing my holding in a stock, or am getting out of a stock You cannot be a winner all the time nor can you be a loser all the time, but if you average out to be positive in a given time frame, you are on the right track.
This applies not merely to you and me, but even to God Himself, if He were to invest in stocks, anywhere in the world!
Investment experts and astrologers are two sides of the same coin. If things turn out as they have forecast, they will cry from house tops how right their analysis or prediction has been, and if things go wrong (more often that is the case), they go into hiding or hope you have forgotten what they said.
Fair value seen less than Rs.35. Valuation look expensive given its small operation.
The size of the company is much small. The large dilution in equity will mean that EPS will take time to reach meaningful levels. The upside from the IPO given the above factors is limited and the risk reward ratio is not favourable, unless the shares are issued at the lower band of Rs.45 and the market price does not dip below that level by that time.
TECHNICAL OUTLOOK
The stock closed at Rs.57.25 (52 week high Rs. 90.30 low Rs. 19.05).
If closes above 59, target 62-64 zone, 66-69 zone or even 72+. Support 56-57 range. Stop-loss 53.
FPO investors make profit only if stays above issue price of 50 at the time of listing (during arrival of fresh supply of new shares).
I am Avoid This FPO Yesh birla group not much better then outhers we can get more chance in more IPO's so wait for good IOP we can subscrib inifinite Ipo for Good listing gain i hope its better then Birla ....