Dear NG & Rashid I agree with NG completely and want to add further that CLL will never list below Rs. 275. Please also consider the role of operator. These days except few blue chip companies all the stock directly or indirectly controlled by operators. The promoters always want to protect the market value of his company. Hence the CLL will defiantly give you minimum 25% ROI on listing day itself. Please share your genuine thought. Regards
CLARIS RATE IS ATTRACTIVE ,,,IT GOT FULLY SUBSCRIBED BECAUSE FIIs BUYS IT I LAST HOURS OF ISSUE....IF IT WAS THAT BAD THEY MIGHT HAVE COMPLETELY AVOIDED IT.
Looking at technicals and from ways the Claris has been subscribed. Their is no seller less than 245. Retail are sellers in the range of 260 to 245. Whereas HNI are buyers with a target range of 280.
If it is consolidated in first few hours at around 265 than it would cross 290 before closing, where as if the consolidation is at around 245 than we may see a flat closing. On should exit the stock if it opens anywhere less than 245 and may even book loss.