I really pity the investors who are buying Jindal Cotex in secondary markets. Many of them are highly speculating and hoping that it will go to 100 or 120 and buying but they all will get trapped soon.
Yesterday only 10% of delivery in this stock has taken place which gives the kind of speculation in this stock.
"g": I agree with you. When a company from not so dynamic sector(textiles) and having not a graet balance sheet can give u 20% listing gains then why not Globus can surge 100% on its listing. It seems that it will be give joy-ride to its investors tomorrow...
AMAZING. IPO did not find favor with biggies like QIBs. Moderate over subscription. But look at the listing gains. Never went below offer price. Steady at 84/85, which is more than 10%. Adani,NHPC never behaved like this. Is there any lesson in it. Stock prices are rigged,manipulated by big share brokers of Mumbai. It is not fundamentals at play. Low floating stock.Easy to rig and take it up.Have a ball.
Just Watch tomorrow. You will know the power of Jindal Bulls tomorrow.It will be Power on,India gone case. If it lists anthing above IPO price by any chance, then sell immediately else please book huge loss later.
Be ready to sell in loss. It will happen if you take too much risk by investing in faltoo companies.