@sagar dasa If you are having any hidden information regarding the share in your support, please refer here. I am also allotted here and it will be helpful for us.
UK being the largest spirits exporter in the world, the India & UK FTA will lead to reduction in duty on imported scotch.
Import of premium scotch whiskey from UK at lower tariff is a key part of India-UK trade talks and is expected to provide a minimum import price for bottled scotch.
This will lead to a 5-15% reduction in the MRP of spirits leading to higher sales volumes.
This will have a positive effect in the liquor industry.
Diageo is headquartered in UK & will benefit hugely from this FTA between India & UK .
496.1. Vnrao| Link| Bookmark|
January 21, 2024 9:06:14 PM
Top Contributor (500+ Posts, 200+ Likes)
No impact. I am of the view that being a Market leader, MEDIASSIST will give good appreciation by April 24. The business Model has great potential. First Mover advantage will amply reward shareholders.
Only from the listing point of view, event of 22nd has nothing to do with a company like Medi Assist, overall positive sentiment in market can impact a little bit but no direct impact. Moreover, as @Vnrao mentioned, this is a good fundamental company, segment leader and has a good hold at grounds; I am sure this will give you good returns in coming quarters. So, I would recommend to enter in this one on listing (if listed flat) and every dip.
496.4. Vnrao| Link| Bookmark|
January 22, 2024 6:43:25 PM
Top Contributor (500+ Posts, 200+ Likes)
@RAJ ARYA The latest premium is Rs 40/-.It may list around the same Premium. Correction in Broad Market may keep it hovering around 450-480 levels. Post correction and resumption of rally, we can expect 600-640 levels.
do you think IREDA is overvalued now ?? if yes , what after today results?? will this bubble blast , if there is one in the first place? i am learning from everyone here so pls reply with ur views... thank you @newgen consultancy@ValueSeeker@Crow@Jetha Lal@NeoLongus and other members.....
also if anyone can give their insights about sector rotation and timely profit booking techniques....
491.1. UjwalG| Link| Bookmark|
January 20, 2024 7:33:28 PM
IPO Guru (1300+ Posts, 600+ Likes)
My opinion ,it is overvalued. But it may move up more 20% or so based on these results. Its trending on social media from past weeks. Sucking in retailers. Srtictly no point in buying at these levels. Everyone will justify saying that its renewable sector focused, its future, so reqd premium than other nbfc, yada yada. All these vanish when market turns.
Markets are heated, every stock will move to results now, overall simultaneous correction across boards will be not there till earnings season end i believe. Ps, i had 2/2 ireda ipo, sold 1 today, will sell 1 tomorrow at 5% circuit if im not wrong. IT,banks, nbfc, psu are most talked sectors rn, chemical, realty,pharma are least talked. So i believe you shld look here , sector rotation will happen in these first. ( happy if someone has a contra view )
There already has been some action by forum moderators, so don't want to comment or recommend anything. I can do tell that I still hold ~25% of my allotment, and I am in no mood to sell anytime soon. Today's result gives a boost to valuations (makes it cheaper than yesterday), and I expect good dividend of Rs 5-10 in this FY. This figure does depend on how last quarter of the FY shapes up. However, I still don't feel fresh buying now would be a great idea, unless somebody is willing to invest and forget for long term.
Disclaimer: I am not a certified analyst or expert, do your own research before buying or selling.
491.3. Vnrao| Link| Bookmark|
January 20, 2024 9:16:49 PM
Top Contributor (500+ Posts, 200+ Likes)
In my opinion, IREDA having given 4-fold appreciation since listing cannot be considered as euphoric and operator driven. IPOs like IRCTC, D-MART in Main Board and several SMEs like Goyal Salt(447%) VishnuSurya(477%) Kody Technolab(428%) Meson Valves(605%) Bondada Engg.(600%) etc., have become multibaggers within a short span time of listing. In IREDA's case the contributing factors are i) Recent re-rating of PSU stocks like IRFC, PFC and RECLTD. giving 4-fold appreciation since last Budget day 1.02.23, (ii) Company dealing with bright future Green Environment projects (iii) Recent talk of inclusion in MSCI Index and (iv) Expectation of Good Q3 Result (which surpassed the estimates). Though some technical correction may cool off the stock for some time coupled with profit taking in the overheated market, future of IREDA and Indian Markets is secure. Disclosure: I have been holding my allotted lot.
thank you @ujwalg @valueseeker @vnrai sir, ik the markets are overheated and technically a near term correction is bound to happen , but can we take examples of kaynes, and other multibaggers in short time - mainboard ipo and think that maybe this is the new type of Indian market which nobody has saw before since we are entering a new decade of rapid development....
Please guide, I received one lot Medi Assist ipo in retail catagory which is showing in linkintime website,but till date 20January share did not credited into my ICICI direct demet account what should I do? please anybody guide me.
@Sachin Sarda Yes may be 💯% correct, but do you any logic behind that, and on which level the bubble will blast. Don't make hawa hawai assumptions.
Correction will be there, that is part of market, in small and mid caps it will be deep correction. But before that if these stocks are giving 100% - 150% returns, we should enjoy the ride.
@IPOManju FF means FULL FORCE you can apply as much as you can . You are a new member so no need to worry, you can ask all your questions at this forum..
Can anyone please tell what is there in extra ordinary general meaning of the companies . Received a mail from nazara technologies .
Can it be related to bonus or split ??
I know it can be anything but asking generally what companies do in extra ordinary general meetings
486.1. UjwalG| Link| Bookmark|
January 20, 2024 7:40:23 PM
IPO Guru (1300+ Posts, 600+ Likes)
No, its a general meeting so it cannot be related to bonus/splits. Moreover it would be because a change in KMP of company, approve funding routes etc.
483.2. UjwalG| Link| Bookmark|
January 20, 2024 5:05:14 PM
IPO Guru (1300+ Posts, 600+ Likes)
Right now no one shld enter railway stocks. They are rallying on hope of something in budget. Many Already rallied 75% in this month. Retail getting sucked in and then you know what happens.
483.3. Sharvam| Link| Bookmark|
January 20, 2024 5:53:03 PM
IPO Guru (1300+ Posts, 800+ Likes)
At this pace accident is inevitable in Railway stocks. Complete frenzy... , buy any rail stock today... Tomorrow it will be 10% up..... but THE END will be scary.....
Never seen PSU stock goes 5/6x in matter of months. This is unprecedented. Something very new to me in my 15 year journey in stock market.
483.4. Nifty Singh| Link| Bookmark|
January 20, 2024 6:52:05 PM
Top Contributor (200+ Posts, 100+ Likes)
@HalfBloodPrince These stocks were silent for decade. Our trains were same for decades. Stocks are running at much pace and much ahead of our trains. In stock market return are non linear and that is the beauty as well as problem of stock market.For the same reason they have generated massive return in a very short time which is difficult to digest. Spread of valuation is not inclusive and secular. Personally I am not invested in these stocks. I think this is missed bus now atleast for me.@UjwalG@Sharvam
I was holding irfc 1725@26 since IPOs 3 year back Started profit booking@157 Still remains 700 No sense to buy @37 p/e in PSU nbfc Mostly held by strong hands and now they are manipulateing which way they like I will further book profit near future BTW Lic up 4% today crossed IPO price in all categories
483.6. Mr. Singh| Link| Bookmark|
January 20, 2024 7:06:41 PM
IPO Guru (1000+ Posts, 600+ Likes)
I am not making new investment to PSU. I had few investment in past like PFC, REC, Powergrid, Coal India and had made good profit decade ago. These stocks were not moving up in last 8-10 years and so rallying now because of expected increase in order book and better future prospects. I think PSU are on par with private companies now. Not expecting major correction unless they move multifold from current level.
483.7. Sharvam| Link| Bookmark|
January 20, 2024 7:43:21 PM
IPO Guru (1300+ Posts, 800+ Likes)
@harit Even I am holding 3 retail application of IRFC since IPO. I thought of selling at 145/150 but continuous momentum in the price prevented me from selling, now I think of selling it at 195 to 200.. I also hold IREDA 1 lot, but today's result is mind blowing.... I won't sell IREDA in near future.
I wonder when will fundamentally strong stocks like Tata tech and Inox will take off. In this huge rally, they have only gone down. Can someone share any insight on this ?
@Rigasti When newly listed fundamentally sound co. Owned by weak hand retailers, it will not go up. Gradually weaker hands coming out and strong hands like HNI,dii mf and fii grabbed it, it will run like horses
Sit tight
483.11. whiteFox| Link| Bookmark|
January 22, 2024 10:36:36 AM
IPO Mentor (600+ Posts, 200+ Likes)