Flat and muted listed as expected like L&T Finance May go down after trapping more people at higher levels good buy around 600-625 Rs as all IT stocks are down. Waste IPO after postponing it so many times and pricing it higher. Greedy management, Good lesson.
Management did not learnt any lesson. Its poor retail who learnt lesson again after LTFin that this management is super greedy and wont leave a penny for retail. Boycott their next ipo of L&T technology
Listing below issue price was unexpected. However still the retailers are not in much loss. The negative surrounding the IT stocks is due to slightly poor results of Wipro n Infy and so called head winds from US due to Donald Trump presidential campaign. The stock does not seem to have much of a downside from here. Whatever happened today happened. It wont be repeated. Expect positive bias on the stock from tomorrow or the day after. Retailers do not worry. U r investing in a good IT stock and it wont disappoint u. Panic mongers have won round one. But its not going to remain so. Hold. Do not panic. Patience pays.
Remember It is one field where we Indians would always hold the edge. Why? Demographic profile, our education system and one of the largest english speaking people in the world alongwith ability to work long hrs at lesser wages. Do not write IT industry off. Short run it may face headwinds but the moment economies start coming out of the depression It would start running like a tiger. Remember even Wipro was 4 rupees in 92. Hold L & T. Even if it falls further then accumulate it. It will not disappoint u. It would be a multi multi bagger in the long run. Even for the short term it doesnt seem that bad. Trust and patience will pay. I m not the kind who panic mongers. remember one should buy when everyones afraid.
1,15,40,906 was already traded against 1,75,00,000 ipo size so it is advisable to wait.Most of the retail selling was done.Hope for the good return within 6 months....
1211. gamble Jul 21, 2016 11:53:42 AM IST Reply Will close below 700 today...sold @705 bought today 680....again buy it near 680/670....holding ipo 1 application !!.. Still bullish !! But chart indicates !!
For L&T Infotech, a major price movement (upward or downward) will occur only after 30 days (around 17-18 August 2016). Because as per the norms anchor investors cant trade their shares within 30 days from date of allotment. So it is possible that after 17th August their may be an uptrend, but still dont expect to cross 750-760 threshold in near term.