L&T share is a share which need to be kept for longer time and not to aimed for listing gain. Keep it for a year or two and you will gain handsome returns... I am an old member of this board, believe me whatever the shares which gave good listing gains in 2008/2009, just see their price today (it is much much lesser) & many have vanished from the share market. But L&T is not like that...though it may not give you listing gain. It will give you long term gains!!! So pls hold or sell with minimum gain or loss & exit!! I personally admire sreedhar's ability, but for predicting in L&T sort of shares, anyone can tell that you may not get hansome listing gain. Infact no major companies will give you handsome listing gain..because operators dont put their hand in reputed companies..they just play with "lesser fundamental" companies!!! L&T is global leader and brand master...Trust it!!
CNBC-TV18's managing editor Udayan Mukherjee advised buying L&T Finance Holdings at sub Rs 50-level. L&T Finance Holdings has reduced its issue price to Rs 52, which should be a support for the stock. However, Rs 45-46 is the actual fair value for the stock, he said. It may drift down to sub Rs 50-level, which will be a comfortable level to buy the stock, Mukherjee said. "But, it becomes costly to buy around Rs 52-53," he added. He doesn't see any dramatic movement in the stock today.
HOLD THE STOCK.. DONT REPENT AFTER SELLING IT..... NO DOUBT, SHRIDHAR IS THE BEST.. BUT STILL, THIS IS STOCK MARKET.. WHERE BOAT CAN BECOME CRUIS LINER.. VICEVERSA
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August 12, 2011 11:28:47 AM
IPO Guru (1300+ Posts, 700+ Likes)
Mr.Tejas
Now, the stock is ruling at 51.70 but not 50. You may note that for better part of time it is above 51.50 Further, 99% of the retailers apply for listing gain and they do not bother where it settles latter. Normally what a person see is whether there is a gain , none else. If you feel that you are expert in the market, you can earn crores of rupees in a single day as there is unlimited market for purchase as well as for sale. Sparing your time IPOs itself shows that you are also one of chance taker, and that you too not an expert. I hope this is sufficient for you.
"On listing day, the stock may see selling pressure from high networth individuals and retail investors. But it's better to not look for listing gains and keep it in one's portfolio,"
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August 12, 2011 11:03:45 AM
(1100+ Posts, 500+ Likes)
KK NATARAJAN @700- HAVE YOU SQUARED UP YOUR SHORTS ? DO IT NOW -ABOVE 52. OR YOU MAY LOOSE YOUR SHIRT.
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August 12, 2011 11:03:15 AM
IPO Guru (1300+ Posts, 700+ Likes)
Sold at 52.25 Still there is a very small gain. Saved the expenditure that was to be incurred for FAX, Scanning etc., if one were to go cancellation. There was no tension at any point of time. Please note that nobody is expert in the Market and a person requires certain element of luck for success. I hope this is sufficient for the so called experts.
Now, NHPC will take minimum 66 months to reach at 36/- (Upper Band) NTPC will take minimum 25 months to reach at 225/- NMDC will take minimum 401 days to reach at 401/- SJVNL will take minimum 30 months to reach at 30/-. JAYPEE will take minimum 40 months to reach 102/-. only because analyst has given target of 120/- within two months as per TV Channels in September-2010 at that time it was 95/- After there recommendation it has down by Rs. 55/-. Now, it is struggling at 40/-
Similarly L & T Finance will take ---- how much time to take to IPO Price of Rs. 52/- ? Thanks God he has taken money at lower band if it was at upper band than what will happen?
Congratulation sto all who has lost there hard earned money in IPO's of NHPC, NMDC, NTPC, SJVN, JAYPEE INFRA, EMMBBI, RELIANCE POWER, Bharatiya Global, VMS Industries, L & T Finance .......