Just goes to show how credible Morgan Stanley is, to those who couldn't guess enough from their devious buy / sell calls on various secondary market scrips.
As retails are less participants.stock is freely moving for 375 target.tommorrow is likly to have better market condition so if good condition is there 400 is not far
Listing beyond expectations in such a weak market. This is the power of KFin Tech. Applying for listing gain, couldn't get anything but not in negative. Again no profit, no loss. But after listing in negative. Anything can happen. This is KFin Tech !!!
Seems it is latest laggard in ipo basket. Sooner the result of December, better for rate to sustain. Doubt that it will close above 355 Better have cash in hand. Actions from collective basket will highlight this.
Listing has been much better than expected. People who got allotment should thank god for this and hopefully better wisdom prevails and they exit this company for their own good
Dear freinds, I got allotment message as well money got deducted but shares are not yet credited into my demat account. Should I call them or wait for another day or two?
Pickup price 325 in a few days...or maybe tommorow... Tread cautiously as sideways movement could get you stuck for a while.. Market in a lazy mood tommorow. Ofcourse there will be price play at a certain points.
Listing gains are expected because 1) Retail portion was very less, and 2) popular Mutual Funds were not invited for the pre-IPO bidding, expect some of them will buy from the open market.