Very bad numbers from Netweb, did not expect such decline in QoQ nos SEBI should look into this as there is erosion on all parameters so it seems that the balance sheet was window dressed for the IPO. Though with the PLI and hardware import ban decisions there are positive tailwinds, but still this would not justify the way the nos declined and promoters showed greed while taking the company public. Those still holding, what are your views, plans ahead specially stop loss levels that you plan to put.
my take on results - As per the management, one have to compare YOY but not QOQ to have better picture on earnings, if we do so, not that bad. I am also holding one BHNI lot since allotment, worth giving another quarter or two and review as how PLI and also new bill on import ban would be benefit to the company. Moreover share recovered from lows - in fact, I added small quantity at lower levels. experts can add their views.
765.3. Smile✍️| Link| Bookmark|
August 16, 2023 11:26:22 AM
IPO Guru (1800+ Posts, 1100+ Likes)
Netweb trying hard to maintain 830-850. Good result was necessary.
So it was Goldman Sachs who had taken 5% shares on listing day..... They usually exit at a decent profit. And they have frequently been accused of jacking up share prices. Recently they are investing heavily in AI companies. This will push up the share for sure in coming days, but they also have a history of dumping all of a sudden to crash land the price. Holding and waiting to add more starting 850 levels. The lower it goes in the short term, the better. This will either be a jackpot or turn into a pot of dust. But with buy price well below current price, there is enough room to avoid absolute losses.
758. Chem cho| Link| Bookmark|
August 1, 2023 12:02:06 PM
IPO Guru (2600+ Posts, 2700+ Likes)
all weak hands outRs 851. hold now trading Rs 891 (+15 )
What to do with Netweb.. with a very short term view.. should i hold or exit at current price of 870.
757.1. Smile✍️| Link| Bookmark|
July 31, 2023 7:50:57 PM
IPO Guru (1800+ Posts, 1100+ Likes)
Very short term view must exit on pre-open When OFS is greater than Fresh issue never enter for a shart term gain. Considering client list this will give good returns in short span of one year Holding 2lots
Today circuit is only 10 percent why is it so? Normally circuit is of 20 percent
754. ipobull| Link| Bookmark|
July 28, 2023 11:09:08 AM
IPO Guru (1000+ Posts, 1000+ Likes)
The recent listings have proved that you should not be in a hurry to buy in pre-open. I too was re-scheduling my office timings to buy in pre-open. But that proved disastrous. It is seen that there is considerable correction in stock price post listing of the stock. Just the euphoria and operators jack up the prices initially. Only exception was Cyient DLM. So, everyone is advised not to be in a hurry to place your orders in pre-open. Just wait for 2-3 days until right price is discovered for entry.
सर्किट लगा तो बढ़िया फंड है नहीं लगा तो सब पाखंड है।
753.3. ipobull| Link| Bookmark|
July 28, 2023 10:38:50 AM
IPO Guru (1000+ Posts, 1000+ Likes)
IPO Learning, You are still learning. Circuit lagna itna asaan nhi hota. Uske liye bahut paisa lagta jo free me nhi milta. Aur sab fund houses andhe ki tarah Paisa nhi lagate. Ye company Kaynes Tech ke comparison me bahut costly hai. So wait for some correction before any meaningful upside.
@Mohit jain By looking at selling price it higher than buying price, its the quantity that matters, selling just 1Rs above buying price with high qty giving them return of 1 lakh if no of share are 1 lakh
@Mohit jain , @Np patel That's right , those are intraday trades. You'll find such trades happening daily in the stocks which offer high volumes for entry and exit in bulk.
The bottom line which I wanted to highlight is one fund bought 28 lakh shares. If I'm not wrong that's almost 20% of free float.
752.4. PLAZA| Link| Bookmark|
July 27, 2023 8:58:10 PM
IPO Guru (2400+ Posts, 1300+ Likes)
All are just manipulation of no of shares traded to mislead innocent public
Wow. 28L shares worth 260 crores. Thats more than 20% of IPO shares on offer and 1/3rd of free/unlocked shares currently. Swedish Fund Managed by Neeraj Bhagwat. Now he holds the key where this share price moves in the coming days..... Lets see.
@PLAZA Sir, Can you elaborate on how the increased traded quantity manipulates retailers? Is it used to show a delivery percentage less than the actual one?
@PLAZA Sir, would anybody buy shares worth of 260 Cr crore just to mislead "innocent" retailers ?
@Justalearner , Yes game is now very much in the hands of the Swedish firm. With such quantity large quantity they can easily play around with the price and manipulate it.
752.8. PLAZA| Link| Bookmark|
July 28, 2023 8:02:55 AM
IPO Guru (2400+ Posts, 1300+ Likes)
Ok read your comments . My concern was not that by simply buying will lead to manipulation but the figure of trading we used to analys that so much huge volume of trading and delivery and cornering of shares are simply our views still we don't know what and how operator operates in share market of such high valuation shares . The only thing is this by wrongly or sometimes rightly analysing the thing we retailers don't book the handsome profit and keep carrying positions and lastly what happened in most of the cases u guys know better then me .....
@PLAZA , okay understood. Concern you wanted to raise was the high buy/sell pair volume by few broking houses. This is actually normal on every IPO listing or any stock which has some news and has high volume traded. What these people need is heavy volume so that they can enter and exit their position easily. You will find these kind of trades everyday in NSE bulk deals.
Hello, I missed selling the lot today because i got the allotment in my that account where i haven't trade for last 1.5 years and when tried to sell this it asked me to do my reKYC.
now my question is shall i wait for some time now or next week it will go above 950?
No one knows future.Share market works on fundamental and future outlook.if short term exit.but seeing peer companies most of them are double or even triple of there issue price in 6-12 months time.
bro lol . hahaha me too got in same situation today . i did reKYC today and broker said they will activate account within 24 hrs . it was painful to see price go down and you can do nothing :(
@Babu Bisleri Have you done your reKYC online or offline mode?
I tried doing it online Video KYC and dont know when it will get done, just asked my broker and she was saying i cant do KYC if i am out of India. I am living abroad at the moment and will back India next year January Lol.
I am just hoping this stock give 2-3 fold return by the time i reached India and do my reKYC. Lol
747. Chem cho| Link| Bookmark|
July 27, 2023 3:52:45 PM
IPO Guru (2600+ Posts, 2700+ Likes)
Seems brokers are not allowing to cross Rs 937 two times it reached 937 but went down to 932, heavy selling is observed but once it crosses Rs 939 then good , other wise Rs 925
747.1. Chem cho| Link| Bookmark|
July 27, 2023 3:56:41 PM
IPO Guru (2600+ Posts, 2700+ Likes)