I cant find the recent annual or the quarterly reports for Karda, I thought its necessary to upload the statements once the company is listed. Could some one please point out if I am missing something.
198. Aniketiaf| Link| Bookmark|
April 14, 2018 9:42:13 AM
IPO Guru (1800+ Posts, 10200+ Likes)
After Sandhar & Midhani , Now it's Karda turn to run.....
Today 10,300 was a big resistance for nifty, it touched 10,280 odd and turned back.. so imo tomorrow we may open below 10k and 9950 / 9700 on cards and may breach very soon..
This is just my study, i can be 100% wrong too.. so take your trade after having proper knowledge of trade and with help of your fanancial advisor.
Disc. Sold 70% of holdings between 8th - 14th january.. and will enter again if nifty close above 10,500 or close below 9600..
The stock has seen 3-4 UC of 5% and it consolidated today. Now the stock can move either way. Since there are people who have bought the stock around 140 may decide to exit now at close to 165 and stock starts falling. If mutual funds and other institutional investors have entered the stock then there may not be much fall and stock may head towards listing price. yesterday was the only day when stock has traded freely and volume has been very low at 43K shares only. Hence volatility to continue for some more time before any trend emerges.
Since the float is very low....the stock can have big moves in any direction. For risk averse investors short term investors....165-175 is a reasonable point to exit but long term investors may wait for the stock to move out of T2T and then decide based on trend the stock follows. This is IMO only.
DiscL: I am not invested in this stock and currently not looking to invest in this stock for long term as pursuing other opportunities. I will still keep an eye on this stock for short term trades.
I believe that it is not necessary to take delivery of shares before you can sell them. You may be able to sell them before delivery but there could be a time duration limit after buy transaction within which you may have to execute sell transaction. This time duration limit varies from broker to broker.
Check with your broker company about what facility they provide in this regard.
I have bought and sold shares on the same day and different brokerage provide different time duration limit for the same.
If the share is in T2T (trade to trade), then delivery is compulsory while it remains in T2T. You will be able to sell Karda only after you receive the delivery. I have also noticed different brokerage credit shares for delivery at different time in the day.
It is heartening to see that post listing this stock is moving in UCs but beware that trend may reverse anytime.
When probability of gains in short term seems lower, my belief is to act in a manner which minimizes the risk of losses and be cautious.
Above is in the context of short term approach only. I would not comment on long term as I am not focussing this stock for long term as there are so many good established stocks are already available in secondary market where probability and extent of gains are much more.
Discl: My comments reflect my thinking and beliefs at the time of posting only. I reserve the right to act in any manner for my own investments and I may change, reverse & adapt my decision for my investment anytime. If you believe, my posts are to misguide you, avoid following them.
Warren Buffet always believe that IPO mechanism is unfair to investors and disliked IPOs and advised caution in IPO investing. He has grown very old/outdated and his mantras do not influence investing habits of newer investors in India.
In India almost 60% retail demat account are added in last 3-4years when market had stupendous run driven by excess liquidity sans fundamentals. Investors mantra taught to these new investors:
1. IPO is sure shot listing lottery mechanism. 2. Fundamentals is foolish word. 3. Business model doesn't matter. 4. Cash flow is for accountants not for investors. 5. Who ever suggest AVOID, is desh drohi and need to appear in court of law to justify. 6. Listing below issue price is fine but if some one advise d AVOID and after 2-3 weeks stock price somehow rises even 10 paise above issue price then person saying AVOID should be crucified or send to gallows while completely ignoring what happens to stock after 2-3 months. 7. Ignore or forget 'G' (grey) in 'GMP' and treat it is as 'MP' straight forward 'Market premium' . If quoted value doesn't seem bullish enough blast or crucify the quoter (traitor).
Suggestion: To be successful in Equity Market......build your own mantras instead of following someone else.
Buddy, just stfu.. don't try to defame the great Warren buffet sir. Don't come up with your short term analysis.
Ipos maniac is from last 1 year only, what was before that ??
He invested first at age of 11.. he read the books which were written between 1890-1910s.. so don't even think like you are something.. lulz you are nothing
# so don't even think like you are something.. lulz you are nothing
Yes I agree I am nothing......but who the hell are you to tell me that..............
I will tell who you are. Another version of IDs like Parvati Shah and her parent IDs nothing else who don't know anything other than attack others.........so please continue your attacks....it is all fun.
My above post was a satire on investing habits. Some of the people (all of you know who those all are) did not understand this and made fool of themselves once again in the forum by their un-necessary attacks.
Please also refer to my posts in Mishra Dhatu forum from where this post has originated.
Warren buffet, or any of our indian analyst from large firms have lot of things to learn from . I may not worship them but never fail to listen to what they say and try to learn as much as possible. For that I listen to everyone on chittorgarh and see if there is anything I can learn from them.
While I am not a worshipper but I am still in awe of Warren Buffet (Oracle of Omaha) for his simplicity and work ethics despite touching zenith of financial investing.
Now floods of IPO abating and good % of recent IPOs giving negative returns several people and IDs on the forum are focussing their time and energy in pulling down whatever the sane discussions still continuing in the forums.
Remember there will always be barking dogs on the street whichever path we chose. Hence despite deliberate , desperate and direct attacks, one should not stop their good work.