I purchased additional 45@645 Rs. Holding 154 shares of IPO allotment. Happy it has broken even and stabilized at 664. Now downfall is limited as panic selling might be over and most are fixed for long term.
What''s the point in selling IPO at lower price when rest of the market stocks are under-performing? Lombard is a Safe bet. As it has moved ahead of its listing price, QIB won''t let Retail investors to enter at discounted price. That is for sure. Those who are holding it, feel secure.
PS- This stock can not be manipulated. Aim for 800.
Stay invested guys!! Why to sell it at discount when you can hold it for some time and get good returns. Remember market was under pressure from N. Korea/US was of words and crashed badly while the subscription was open. If ICICI closes above 661 today expect good returns in SBI as well. People who applied for Pratap, can learn from Matrimony. However similar stock Manpasand has declared 1:1 bonus. Stay cautious!!!
Personally as an investor I am Happy to see it Crossing 661. Let wait and watch for movement. Looks like buyers are interested to buy at this level and they expect upmove.