I had applied for One lot and got it this time :) ! ! I was not lucky earlier when applied for Snoman, Sharda and Shemaroo where I did not get single lot even after applying for full quota......
Sure profits, don''t be carried away by false news. Their group concern Nahar is one of the leading mills in the country. Also they have a huge land bank.
as expected allotment in retail category is tough...i have got only 3 applications getting 23 shares each out of 16 applications...but not a matter of great frustration becaprofit per allotment should not be more than 1500 as per my view and may even be less than that....it was not as sharda cropchem type ipo...let''s see what happens on listing
IT will be a flop show. with huge slling by HNI on day 1. apparel stocks have not been investor friendly at all. monte carlo profits have not gone up in subsequent quarters and also all its other listed companies nahar spinning mills and others have been languishing at low price each day. bad management , low hni subscription, weak markets, all broking houses giving sell call on listing . this would have a bad fate with no buying from mutual fund or HNI.
it should hit lower circuit on listing day
fair price of stock is not worth 300 rs at 12 p/e. Its issues shares at 24+ p/e. infact momai apparels is better stock to buy now where in lingeries and innerwear stocks have given more returns rather than apparels.
sell sell sell before it goes down to below 500 in few days.
As per my analysis not only is the share expected to double but also over a period of time deliver very handsome returns...Fine people say that the promoter record is bad!!! Al-right point considered sir, but at the same time after taking such a hitch which promoter might not want his company to grow multi-folded considering even if this was his last chance!!! Secondly leaving the promoter aside who would not be willing to give his future generations a fruit bearing tree with due nurturing. Kindly reconsider...