SOURCES SAYS THAT THERE IS DEFICIT OF 875 CR. IN DIVESTMENT. HENCE, SAIL FPO WILL BE @ 350/- - 400/-. RETAILERS WILL BE GET 5% DISCOUNT. POST FPO THIS WILL BE "NHPC OR NMDC" THAT IS CONFIRM AND GUARANTEED.
i got 1400 nmdc retailers sold their shares upto wednesday fii ,insti,mutual funds r collecting the shares nmdc is in f&o nmdc wil increse price of their products ( iron ore/their products ) share price may increse within short period
In my view NMDC is now a long term investment story only. It will be a rangebound trade for 285-315 max. however downside can't be ignored upto 265. so those who are expecting humpy- bumpy rates within a week or less should stay away from fresh buy otherwise there will be surely stoploss triggred. However those who wish to stay long term of 2-3 years can stay on hold with target of 375-400. Disc- I've sold 280+280 @ average 298 Rs & still holding 280 shares for long term without any stoploss.
Dont buy NMDC, the rise which you are seeing at present is all fake. Private players which have participated in the FPO are just waiting for it to touch 300 and so they do not suffer any loss and get out of this, as they have bought the stock at 300, as soon as it touches 300 or above and they gain some profit, they will move out of it for sure, very smart these fund managers, so dont fall in their trap. Be wise, dont be foolish.
I havent received refund due to discount as yet. I had applied for 160 shares and need to receive (160*15) back but it hasnt happened as yet. Have the others received it? I havent used ASBA
NMDC was an FPO so it won't "list" it started to trade from monday. Ignorance or lucky, now you can sell it at 300+ rates whereas people sold in fear from 283-290 levels (including me)
Persis expected listed date is 1st/5th April as 2nd is holiday, 3rd/4th is weekends. I'm still not sure we can "sell" our stocks on 1st as it will be bank holiday and our shares might go in auctions. So clear it with your broker if it lists on 1st.
And everyone, just rememeber since 1st is bank's national holiday, don't jump in to sell persistent. Clear with your broker that is it going for auction or will it be delivery based square off.