FIIs are always bullish on metal and mining sector and when they start buying all calculations ( expensive valuations ) take the back seat and this is the biggest mining company in India so definitely it should be expensive than others..Definitely this stock will rise as long as FIIs are putting their money ..seeing this if MUtual funds also come in then soneey pe suhaaga
NMDC WILL BE AROUND 300RS. WHEN YOU GET SHARES IN DMATE. WHY?
Let us take the total shareholding distribution pattern for NMDC. At present there is only quarter percent of shares in the market, I am talking with the retail investors, that is about 1 crore share because out of 1.5% float as of today in the market, 1.25% is held by the insurance companies. So there is only quarter percent float with the public, of about 1 crore shares held by about 40,000 people.
If you see the allotment, the response having received by the FPO, in fact about 1 lakh application for about 2 crore shares have come in the retail category and about 8,000-9,000 applications have come in the HNI category for about 70 lakh shares. So post this FPO shares listing, there will be float of about 3.5-4 crore. In fact that will discover the price. I do not think that insurance companies and all those who will effectively be holding about maybe 8.75% or maybe 8.5% post this IPO will really be able to control the share price because 1.5% float in the market with 1.5 lakh shareholders holding about 4 crore shares can make the price to discover at an efficient price which in my view is likely to be close to about Rs 300.
Ary bavkoofo dunia kaha say kaha pahuh gai, tumlog abhi ise may pasay ho ke kun psu fpo kay uper chala gaya kun nechay chala gaya, Aress infara ko dayko veak batanay valoo ka muh kala karkay gumaraha hi.
hi everybody thank to S.P. TULSYAN he made nagative comment about (NMDC) so thank for that to him because if mr.TUSYAN SAID THIS IS VERY HIGH VALUATION FOR STOCK AND SOME BAD COMMENT ABOUT IPO YOU MUST APPLY FOR THAT IPO IN NMDC CASE THOUGH WHO HEARED MR TULSYAN ON CNBC THEY ARE NOT APPLIED IN NMDC SO IF MR TULSYAN GIVE NEGATIVE COMMENT YOU MUST APPLY YOU WILL EARN LOT OF MONEY
Dear NMDC Shorters !!!! Wake up before you loose your shorts !!! Sesa Goa Total reserves 207 million tons - NMDC more than 1200 million tons!!! What more do i need to say!!!
I AGREE WITH GEM IPO THIS STOCK WILL NOT STAY ABOVE ISSUE PRICE BY THE TIME SHARES ARE ALLOTTED BECOZ THIS WAS LAST DISINVESTMENT IN RECENT TIME AND GOVT ALREADY NOW HAVE MONEY IN THEIR HANDS NOW. THIS IS A LARGE FPO SIZE SO EVEN THEN 2000-3000 CRORE IN HANDS OF RETAILERS AND HNI WILL BE SOLD HEAVILY ON DAY OF ALLOTMET WHICH GOVT WONT LIKE JUST THE CASE OF NHPC. STILL AT ABOVE 30 P/E IT IS EXPENSIVE EVEN AT 280-300 RS.
I WOULD SAY EVEN IF YU GET GAIN OF 5 RS(THOUGH CHANCES ARE LESS) GET OUT OF THIS IMMEDIATELY.
INSTEAD BUY TCS WHICH IS GOING TO 1200 TARGET SOON
everyone who is predicting nmdc above 300-310 till listing is either have vested interest means have applied in nmdc and now frightened & trying to post rosy massages apne miya-mithuu kar raha hai or is real fool boka dont understand the factors prevailing right now for nmdc.....
hope for the best of your fates
discl: i dont apply in any ipo where 100% allotment expected
Fresh FPO allotment to Retail & HNI 3.62 crores shares which shall come for selling on transfer to Demat accounts. Short Sellers keep hope... if the rate is in the range of 300-325 by last week of March'10
I told this is gem of a company. Stop comparing and critisising navratna psus with pitty cheap stocks. Those who have applied for the fpo despite all the negativities and critism deserve a hat off and are bound to get excellent short term as well as long term gain. I hope all sensible guys here will agree.
Where are all the so called experts who said it will come below 285/=.
I guess they are hiding their face. I repeat again it will give huge profits to everybody who has applied. Forget 285/= it is not going to come below 330/= in any case.
It is a big slap across the face of all the so called experts who said it will come below 285/=
today NMDC is almost 8% recovering ttwo days of loss. To those experts, do not misguide anyone if you don't know anything about share market and company