Was there really 5% discount to retail investors ...??? I have not yet recieved refund (Rs. 15 per share)... please discuss if same is happened with someone else...
See the above link and you will come to know how wrong analysts were on NMDC, ashwini gujaral when stock was trading at 560 advised to buy at with a target of 700 can you imagine?
I have applied 40 shares at the price of 350. All the shares are allotted and visible in my dp account. But the excess amount is not credited in my amount.
Steel prices are getting increased from April 1st. It is very good news for Iron ore gaint like NMDC. See lot of action in this stock in the days to come.
Atleast NMDC has never disappointed especially for Retail investors like us. We all got at a good price at 285 and the stock is holding up firm above that. It had given good opportunity to those who want to exit at around 300 and make 5% profit. This stock will move up gradually and firmly up. This is not like other stocks where you see it shoots up and fall terribly and settles there at the bottom. Remember this was FPO and not IPO. So returns will be less, but excellent stock to own.
This stock will be very stable and all financial institutions would like to buy and hold it for long term. If you listen to any of the expert comments on this stock, they are not giving Sell call now, they are either telling to Buy or Hold. They know the value of this Gem.
For retail investors like us, even if we hold for 6months to 1 year, it will certainly give very handsome returns.
This stock is mainly ment for those, who are patient and can have the ability to hold for medium to long term.
I do not understand what some people here mean by saying the government is LOOTING AAM AADMI. Investing in IPOs and FPOS is not a lottery. You have to do your homework and be willing to take risks. Do you expect the government to sell at dirt rates so some of us investors become rich overnight? And please remember that whatever moneys the government realizes from these share sales are going into (hopefully) development projects or to plug gaps due to deficits.
Please grow up people.
Disclosure: I have invested in NMDC FPO and am OK with the current price/ performance.
Govt. have planned that statute of NHPC, NTPC, NMDC shareholders will be displayed before ‘MAYA TEMPLE’ in U.P. These shareholders statute will be displayed posthumously because of heavy losses in NHPC caused by LOOT program from AAM AADMI. Hence, be ready for this statute. Besides this, Govt. is further coming to LOOT in SAIL, NALCO and HIND COPPER at maximum rates so that more and more losses may be given to AAM AADMI and REATILERS.
Tum loogo kay pass koi kaam dhandha nahi hi kiya jo NTPC,NHPC,NMDC jaisay mary huya shares may apna paisa gawa rahay ho,yay jahar ke pudia hi 1 din tum logo ka ram name satay kar daygay.