If you are interested in mazagon enter after 1 month when price is stabilized. one IPO euphoria (initial day of listing) is over and ANCHOR investor 30-day lock-in period is over, you can enter, if you are really interested.
Listing similar to Cochin shipyard and GARDEN REACH SHIPBUILD ENG LTD. Both went down on listing and took a long time to recover. Issue size is also quite big, so it will take longtime to recover as it is PSU.
Sensex is near all time high and everyone is BULLISH, now is the time to be alert and book your profits and stay in cash and cool off till october expiry as these levels would not be sustainable.
I recently got a message from my broker that alloted application increase to 12,000/-. Please suggest what to do wait or sale in grey for 12,000 or sold on listing which may give 15,000. Please reply. Why there is sudden spike in alloted application??
It's PSU stock, sell and exit with you get since you are allotted. Don't regret later. Nobody allotted will buy a PSU stock at such evaluation post listing.
QIB AND NII VERY HIGHLY SUBSCRIBED , YET HOW THEY ALSO MADE FUN OF THIS LISTING, IS IT ONLY DUE TO ITS PSU? now onwards how to believe on subscription also? or today after 1hrs FM press conference share move further?
trying to sell my 1 lot since morning to sell in Zerodha, now the error
The instrument is either suspended from trading, or the order was placed outside of trading hours (try placing AMO). does anyone know if there is a workaround?
Listing and post listing trend of this stock will be quite similar to Chemcon.
Due to very high Grey market activity, there will be rush to realize profit post listing. Be careful post listing and keep your exit point ready beforehand so that you can quickly transact post listing. If you believe in this stock for long term investment, then also you should exit at high and wait for the stock to settle down before re-entering again.
Probability of allotment is very small but still one should always be positive.
I will be looking to book as much profit as possible post listing. Re-entering the stock after exiting it, can only be for long term not for short term trading. I will not look for re-entering immediately but monitor the stock at least for 2 weeks before re-entering.
Also, this being PSU be careful. I do not personally see much hope or ray of light for PSUs under current government which has been using PSUs only for divestment and privatization.
If the stock gives close to INR 100 listing gain, you should exit the stock with as much profit you can close to listing, even if you believe in this stock for mid to long term.
I believe the stock will give opportunity to mid and long term investors to re-enter this stock at a price lower than the listing price.