For those who did not receive any allotment, 190 are good levels to buy acc to me and hold onto for 6m - 1 yr.
For those who sold around 190 levels, i feel this stock deserved a bit more and you could gain more by holding it for a few days. Definitely will not slip below issue price...
Eros International Media, a part of the Eros Group will list its equity shares on October 6, 2010. The IPO price was set by Eros at Rs 175, at higher end of price band of Rs 158-175 a share. Udayan Mukherjee, Managing Editor of CNBC-TV18 feels that the company deserves Rs 220 on listing.
Eros Group is a global player within the Indian media and entertainment sector and has been in the business for close to three decades. The Eros Group has an extensive film library and is in the business of sourcing Indian and other film content and exploiting it worldwide through its offices in India, UK, USA, UAE, Singapore, Australia, the Isle of Man and Fiji across formats such as theatres, home entertainment, television and digital new media. Eros plc, the holding company of the Eros Group, is a promoter of the company and is listed on the Alternative Investment Market of the London Stock Exchange.
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
Here is a verbatim transcript of Udayan Mukherjee’s comments on CNBC-TV18. Also watch the accompanying video.
Eros International Media has different buusiness and revenues model in comparison to Shree Ashtavinayak. It has pipeline of one year for production of films. We expect Rs 700 crore on sales and Rs 100 crore on profit, which brings market cap of Rs 2000 crore for FY11.
In comparison to market cap of Rs 3000 crore of Shree Ashtavinayak, Eros will see Rs 220 on listing, which is available at 22 PE for FY11.
Hats off to you for the second last para "So did you notice that. If you think you are expert and know everything you will lose money. Just think that you are a fool and cannot time markets and just keep putting money systematically in MFs and you will never lose money."
booked profit at 195 for those bought at 184.Now leaving for office by leaving shares alloted in IPO which were sold at 205 & covered at 187 as it is with stop loss of 175.
@926 Electrosteel will be like tirupati. Sell during the 1st few seconds of trading, you will make some profit. Ramky no hope, that also sell during 1st few seconds of trading and may be you will get back your issue price with minimum loss
people told GMP is 30 - 40, and it is now trading at 10Rs premium... and sure it iwll fall below issue price by evening.. Now i wonder what to do with electrosteel and ramky infra.
Dont Sell Eros at CMP. S/L of 177/- got trigerred today. But still dont sell. It is just selling pressure by retailers who have burnt their hands in Microsec.
@Lost in Market. I have been in the market since 2005 and I will give you some advice free of cost.
When a person starts day trading as a beginner he thinks that he is an expert and starts losing money then he stops and then starts again and thinks this time he will be careful and again loses money. This keeps happening and one fine day he will realize that nobody is expert in stock market especially when it comes to day trading.
I also used to do day trading in 2005 when the market just kept going up and used to always short and lose money. I lost almost 1 lac. Then I stopped day trading and have become wise. I only invest in Mutual funds. In 2007 my MF portfolio was 3 lacs with 25% gain. In 2008 my portfolio suffered 50% loss and became 1.5 lacs. Still I didnt sell and didnt buy. Then after market crossed 12-15k I started investing more and more in MFs. So my total investment in MFs is 8.5 lacs and current value is about 13.5 lacs so now I am in 50% gain, i.e. about 4 lacs in profit.
So did you notice that. If you think you are expert and know everything you will lose money. Just think that you are a fool and cannot time markets and just keep putting money systematically in MFs and you will never lose money.
That is purely my personal view. Not sure whether anybody will agree or not. But it works for me.
There are 2 types of stocks that come in IPOs. One is the Tirupati, Microsec kind of stock. The life of of these stock will be seen only on the listing date and from then on downtrend.
There is another category Cox and Kings, Jubilant etc. They list at lowest price and then just keep going up and up.
I think Career and Eros belong to 2nd category. Guys please dont get confused by the latest IPOs listing debacle. Dont sell in 1st few minutes of listing. Sell EOD or take delivery.