I'm new to IPO and market. I was skimming through the BOA of Flair. I don't know why there was no allotment for min BHNI (68 lots or 3332 shares) applicants. I learnt from this forum that in oversubscribed listings. It's better to go with the min lot in each category. So, people must have bid min lot for BHNI. But, BHNI allotment for Flair is starting at 4067 shares. Am I missing something? Experts, please throw some light. It'd be of great help.
I didn't get allotment and later bought few shares when it dipped to 454. I am worried seeing the recent performance and I saw some messages saying that the real movement will be seen by 20th December. Can I recover if I hold the stock longer or is there not much to expect from Flair? Apologies if my question is basic, I am relatively new to trading and would like to gain knowledge from my fellow traders.
@Suraj Sumel.. Since you have said that you are new to trading.. So looking your this status I personally recommend that instead of Flair you should focus on Cello.. as your flair buying is on higher side you can accumulate some more share around 340-350-360 range if price fall upto these levels.. But whenever you got your buying average price.. Try to exite from Flair & start accumulate Cello.. That's too when market correct.. But not on current level.. In my view fundamentally Cello is more strong than Flair.. This my personal view only.. I can be totally wrong here.. just sharing my views here.. So take action according to your risk taking capability.. Best of luck to you 🎄
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December 10, 2023 12:30:59 AM
IPO Guru (1000+ Posts, 1000+ Likes)
You completely exit Flair with whatever losses you accrue. With everything being online, how can you expect business growth in this company. Never average down a bad stock. Rather buy a good stock. In some stocks, operators play for 2-3 days and then suddenly they exit, beware of them. Sorry for you, but couple of good ideas for you - Buy IREDA or JSW INFRA.
On the other hand the YoY growth looks really good.. with good growth in profits (Online story doesnt impact the stock) They are also diversifying into other businesses.. For those in losses might hold a bit as this should bounce back soon.
I'm pretty sure it'll surpass 500 within 6 months and 650 by next December. For this stationary industry, best qtr is march and june, and December is their lowest earning qtr as per the financial trend of other peer stocks. Market is bullish and stable for now. Not going below 20k anytime soon. Particularly delivery qty has also been great. Expect 5% up and down fluctuations nothing serious to worry about. I already told this that flairs fair price as per market conditions is 444 at 37 p/e 😊. Now that selling is stopped, we may see good upward movement. All eyes on results.
@Monster Zero Is this the right time to buy Tata, flair and Gandhar stock ? Or should we wait for the results ? I am a long term Invester. Thank you in advance 👍
All three stocks could be added in moderate quantities, but with market correction and eps adjustments, all three stocks will give 30% gains after 1 year. Mark my words, it's just people are not buying in due to nifty close to 21k. Add in moderation.
Redtape and mirza hold, mirza just transferred licencing rights of it's brand oak trak for India use. Total brands under both companies, oak tark, Mode and Bond street.
Ikio slow mover but real move will be above 400. December qtr should be great for obvious reasons.
@Arnold Reegan Flair is a great company and at a decent valuation with respect to current market levels. Just buy and forget , they are expanding into new categories and with their distribution network, they'll definitely have an upper edge. This company will groww with minimum 15% cagr...steady and solid numbers.
Hi! I bought few shares during the initial dip @ 464. What would you recommend @Monster Zero should I hold it for 4-5 months and wait? Will the stock see a good growth (at least break even) in this time frame. It was a rookie mistake that I did from my end and I don't want to exit with a substantial loss. Thanks in advance
Dear monster zero, Hats off you, you have advice two days crucial for market, and today bloodbath in market. Your support and suggestion need, can market continue down trend, sell some shares tomorrow, please🙏 suggest, please reply as early as possible, you feel free. Thanks🙏
@DHARMENDRA SHARMA Today's move was a planned effort in booking F&o profits. If you see the market data, today was a net positive buying. Buy in mid cap ... select seasonal stocks,
Buy- Footwear, Gold, Textile & tourism. Results in next 40 days.
Eyes on pharma and fmcg , in case of any escalation in covid situation.
Once dom is listed and FLAIR results are out, Doms price will be a boost for flair. I'm expecting a. Sustained p/e of 28-30 with eps adjustments thereafter. And what a coincidence my buying price is 379.19😅... exactly. 405 first and thereafter 430 and 449. Within 3-4 months. It respected it's yesterday's closing price of 275 , so I'm taking that as mini support level.
@newgen consultancy sir and other mentors and gurus, I am holding IRM Energy , Cello and ESAF. Please suggest me what to do with these IPO stocks ? And should I invest in Accent Microcell SME (will be my first SME ipo) ?
COMMON MEN WAITING FOR ALLOTMENT (December 5, 2023 10:21:26 AM) For: Flair Writing Industries Please suggest on flair and Gandhar tomorrow, Up or Down,please🙏 reply Thanks
@ COMMON MEN WAITING FOR ALLOTMENT Thank you for your response, request you to please share your view when there is buying opportunity in Flair ,gandhar, tata tech as yesterday informed on flair after 406/-there is selling pressure. Thanks
Mansi and other operators are playing in the stock.. it might go sharply up or down both. hold if you are convinced with the company else better to sell off.
Bought 1lot in preopen wanted to average it, what could be best price, seen too much selling pressure today too, I thought it's a gd company and price might settle at 450 in worrest case scenario