Its prudent to exit this counter at modest gains of 5%.
There are lots of headwinds in the coming quarters for the economy.
Oil prices will be supported by modest rise in output as agreed by OPEC+ and incoming hurricane season in US. It should soon surpass 90$
Rising interest rates globally.
Falling Rupee.
Rising fiscal deficit.
Rising NPAs.
Failure in meeting disinvestment targets. Thanks to Air India.
Political uncertainty.
Ongoing correction in midcaps and smallcaps is just tip of the iceberg. As we head into the assembly elections in Rajasthan, MP, Chattisgarh this correction will turn into a stampede.
Sometime back when the secondary market was in buoyant mode , it was reflected in primary market. When many IPOs were hitting the primary market so was the enthusiasm of the participants , especially tracking the basis of allotment. Now the secondary market is down , primary market participants are too showing disinterest in IPO basis of allotment. Thus no messages on basis of allotment . Otherwise this board would have been flooded with so many messages on basis of allotment , most of them irrelevant and lacking in content.
158. Aniketiaf| Link| Bookmark|
June 27, 2018 6:42:10 AM
IPO Guru (1800+ Posts, 10200+ Likes)
GMP @ 16:00Hrs on 26 Jun FINE ORG 28-30 VEL. 50-55 RITES. 30-32