You can expect a listing price of 360 minimum and the price is likely to go up gradually like OIL India when the selling pressure subsides from allottees
And i dont blame him for expressing himself. There are a lot of investors who burned their hands in the 2008 crash in the stock markets. Some of the stocks i believe will not be able to get to their heighs in 10 years. eg ADLABS
This just does not justify your reasons Why are you comparing construction stocks like parsvnath,dlf as all construction stocks was anyway overvalued at that time
If you want to compare compare this with mahindra holidays and thomascook in this market.you will surely get the answer. Also why have you forgiotten good stocks like educomp,nestle,icra,maruti,hero honda,tcs hit all time high. I think you need to wait only 1 day more and it will provide you ansers to all your questions.hope you wont run away.
What you noobs fail to understand that the stock market doesn't go by fundamentals/research all the time. That's why you will find people buying a stock like parsvnath at Rs.600 with a target of thousand and then after six months selling it at Rs.30 and all the fundamental analysts telling you that it is still very expensive. Well I do the opposite what others do and earn money while noobies dream how CNK will touch 400 and then 700. Blah!
Sanjay, dont spread false panic outta here. Well the fact is that if the stock commands the same valuation that thomas cook does then the fair value price for the stock should be Rs 400. No reason to believe that it will not because it is a bigger player than thomas cook and also have sustained better growth percentage and better margins if you go by the last 5 years track record. I would say better do a complete research.
@tc There are primarily 3 different types of investors who post on the message boards. 1. Those who don't know anything: approx. 10% 2. Those who know a little: approx. 10% 3. Those who don't realize they don't know anything: approx. 80%
I think you have not done your homework correctly Do you know on Jan 9 they are starting Maharaja express and also Dec and January are best months for travel industry
what made you conclude about this listing price? when it is discount with peers like thomascook and mahindra holidays .Mahindra holidays was considered expensive but still giving 30% return since its ipo and done well and is even above its listing price.
Dont forget this is one of the largest tourist and travel company. This stocks are always investor friendly
'Cox & Kings in collaboration with the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) have set up a company called Royal India Rail Tours Ltd (RIRTL), which has launched the Maharajas' Express, the last word in luxury train travel.
Assuming that the market remains at the present level +-10% after 12 months (which is a very wild assumption), I expect CNK to be close to 450 after 12 months. I good level to enter for a long term player (1-3 years) would be anything below Rs. 350. Thanks @268, I am hopeful of earning Rs 10-15 K with my 600 CNK shares.
Geez! tc, I may be wrong about the listing price but how can I be wrong about how many shares have I got? I have two demat acoounts self and wife and got 300 shares in each. As for the share I recommend if you don't have patience to hold for atleast 6-12 months (in which time it might come below issue price at some point of time) I suggest you sell out on any marginal gains you can get.