Engineers India Ltd FPO Message Board (Page 30)

Got 118 shares in my demat a/c & sold it @ 324 / - thus making a cool profit of 49/- per shares.

But wat abt d day to credit in d ac

EIL,Why such a sharp fall today, even when their is no fresh supply from FPO.Is it govt also manipulate the rate of stock?

Where to check?

118 SHARES PER ONE LAC APPLICATION. BASIS FINALISED

U r right rupesh

Dear Friend,

one should short sell any stock in case future pricing of the stock is looking downtrend. It was good in case of NMDC, becasue fpo share price was on the higher side and there were no demand for that share in the market. Most of the shares were taken by Goverment itslef (through LIC). However in case of EIL it is a good shares and undervalued at current price thats why there was a big demand at FPO. one should not short it. because it will be RS. 340-360 at the day of listing.

Can anybody explain the reason for today's fall in EIL.

DEAR ALL,
MY CLOSE FREIND WORKS IN INTIME. AS PER HIS NEWS STILL BASIS OF ALLOTMENT NOT FINALISED. THAT MEANS YOU STILL EVEN DONT KNOW HOW MUCH SHARES U WILL GET WHETHER 115, 116, 117 OR 118 PER ONE LAC APPLICATION.

25% CHANCES ARE THERE THAT U WILL GET SHARES IN UR ACCOUNT BY WEDNESDAY AND 75% CHANCES ARE THAT U WILL GET SHARES IN YOUR ACCOUNT ON THURSDAY MORNING.

I think allotment will done by wed morning as d selling pressure has increse. It's now at 319.ohhhhhhh

shortsellers will be caught soon in EIL's Net.let's see my message.

i have bought 1000 share at 317..

i have short sell 1000 shares at the rate of 317.5 today.

Coz I have sold nmdc before allotment in both bse & nse but in bse auction price was 295 and in nse it was 310.so it's my own experience.

Who want to sell today sell it in bse coz auction penelty is very less then nse

THANKS ALIBHOY..KDLY PASS ON ANY NEWS U HAVE ABOUT ANY IPO...

DON'T SELL



STII ALLOTMENT UNDER PROCESS


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EIL is becoming NMDC! Just Like NMDC doomed oversmart shortsellers and shares were auctioned at higher price (in auction shares are baught at market price, whatever it is, in large chunk thereby increasing rate suddenly 5-10%)

Allotment could be done anwhere upto 13th, If it had to come, going by intime spectrums superb record, it could have come by friday but just like NMDC, allotment is on hold to trap short sellers.

Dear Sreedhar,
Already shorted 115 in one account and 50 in the second. I can now only wait for the rest in the second account and also for that in the online account.

Dear Sreedhar,
Sold at 315, 324 and 329. My broker says if the shares do not come into the demat account on Wednesday, there will be auction on Thursday. Even in such a case I think the auction price will be lesser as more people will be selling. Is there any chance for it not to be in our demat account by Wednesday?