listed at 36 now at 59. Guiness is the most trusted lead manager. i envest in only hem and guiness ipo. keep away from pantamoth issues. fraud lead manager!!!
@36 it was fairly priced and on 33 I think its even more... feel sorry for people who sold at losses since some people only invest for easy money out of listing gains. Trust me earning money in share market doesn''t get that easy... lol. Overall ompany fundamentally looks good would accumulate at this rate. Would not be surprised if it touches 50-55 end of this year...
In the short run, the price of a scrip is highly influenced by the investor sentiment rather than the company’s fundamentals. If a lot of investor’s wish to get out of the market at the same time, then the price of the stock is bound to come down, no matter how good the fundamentals are. It’s a simple concept of demand and supply, and it doesn’t necessarily reflect the company’s actual worth.
It will list at premium But it will trade that price of how much time that we have to see
And Zota make the high of 140+ on first day and also traded above 134 for hour or so if u sale on 134 and calculate then you get 9-10k profit And that sounds good
Guiness issues are mostly fundamentally very weak companies. They are either operator driven or been dumped.
Dont invest in such companies as usually they are dumped at higher level very badly. check all stock performance of guiness. some of them have been delisted as well .
Please dont burn fingers or get carried away with operator driven stock which are issued by Guiness.
I earlier anticipated bad performance . now 10 perc. down. Things in the market do not move with fundamentals . price moves ahead of fundamentals. Never rely on fundamentals . you will always loose. price moves by demand and supply not by fundamentals. i am saying after very active trade experience of 15 years in the market.
I agree with ipo analysis It is went to 33 But it is trade above 36 for 3-4 hours So anyone want to be out It''s a good time And for profit everyone have to wait for 3-4 months to get 12-15% returns
As I guess earlier It is listed at premium but not able to hold there But good news is that it is closed above issue price I think within a week 2-3 rs gain we will get
but you have forgotten at one point t went to 33 rs. so anyone could have bought easily on listing at huge discount . with all the hype and oversubscription this has been failure. check super fine knitters another Guiness issue hugely subscribed is still available at sae issue price and infact even after certain rise it was dumped.
Guys start away from guiness issues may come what be unless they have very good issue. This company is more into textile yarn machine.not convincing business and very very risky