Holding patiently allotted 1 lot, i had a strong gut feeling that it will hit UC today and go further in the coming sessions. The reasons are it is Pharma company and the subscription is good.
I think the QIBs or the Operators have become too smart by not buying or maintaining the lower price in the preopen session so that every retailer or HNI will panic and tend to sell in the preopen. They were quite successful. We can see so many have sold even the bHNI ones as well.
Even i could have done the same if i was a budding investor as i did in the initial stages and later i used to regret when the prices went up but now i became patient and standing on the gut feeling based on the subscription and company.I know most of them will sell on listing day whether it is profit/loss but at least based on QIB subscription one can hold till afternoon.All i wanted to say is the QIBs which have crossed 100x subscription will definitely come before closing of the market even though the preopen price is lower than expected.
Thanks