hi.....frds 2marow is midvally's listing any idea about listing??????where is all EXPERTS??????????
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January 26, 2011 6:19:27 PM
Top Contributor (500+ Posts, 100+ Likes)
Hi experts!
My post regarding Midvalley listing tomorrow remains unanswered. If you are not sure or don't have any idea, still you express so. There are thousands who will be waiting for your views so that thay can take call on the stock accordingly. In this forum discussion of listing tomorrow is important since people have invested lot of money in it.
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January 26, 2011 12:20:08 PM
Top Contributor (500+ Posts, 100+ Likes)
experts, Please give your views on Midvalley listing tomorrow? How will it list & how is it going to be traded during the day especially in the opening & closing hour.
Listing is on 27th. Best wishes for the applicants to earn decent profit. I have not applied. But if it lists and stays above 75 - 78 for a considerable period of time, I will buy and try my luck with a strict stop loss.
Multinational Media Midvalley Entertainment will start the first session at Rs 83 a premium of 18.57% over an issue price of Rs 70 a share on National Stock Exchange. At 9:30 hours IST, it will be trading at Rs 77.15, with volume of 2.11 crore equity shares though it will wipe out some gains due to profit booking. On Bombay Stock Exchange, the stock will be trading at Rs 77.70, after opening at Rs 81.70. Traded volume will be Rs 2.25 crore equity shares at that time. Midvalley is presently operating with the network of 40 plus screens across southern peninsula. By 2011, the group positioning to operate 100 plus screens that includes Cineplex, Multiplex, Open Air Theatres and Concept Theatres. Midvalley also preparing well in the segments of film Production and Distribution and expected to release its next movie as by Jan 2011 during Pongal season. Current promoters of the company are Unigold Pacific, Kiara Enigma and Global Motion Pictures & Ventures Ltd. The company raised Rs 60 crore through its initial public offering at a fixed price of Rs 70 a share.