setting 3 million ton steel plant.tata sail have 4-6 times capacity(india operations only). nmdc market cap at 170000 cr...sail tisco at only 50000-70000 cr... long term target will be below 175.and even after 10 years i can get this stock at below 200.so i loose on interest ... psu banks are best buy for portfoilo stock for lonmg term as good div also.and possible 3-5 times capital appreciation surely.because they keep increasing bookk value every year....
except for short term profits on ipo if possible,this is huge overvalued stock.and my long term targets will be below 175. one will loose interest/opportunity cost in holding this stock for long term because still it may be at 400 after 10 years..so no use to hold this stock in portfolio. at 170000 cr market cap,i dont see any reasn for this co to set up a 3 million steel plant and for that bringing a ipo.its a fraud in public as public money of lic banks will be invested . sail tata steel have 4-6 times capacity of nmdc proposed steelo plant and sellingf at around 50000-80000 cr market cap....
Already this Govt. has LOOT the investors in NHPC and NTPC. Still peoples are crying in NHPC for there value. But, no one will listen. In REC, FII was there hence it's plicy of Govt. to LOOT the investors at any rate.
Earlier Govt. was giving IPO / FPO at very attractive rates. This Govt's and Companies main motto is to LOOT, LOOT and LOOT.
Manish all agree with you as far as the looting part is concerned. Your sentiments are valid.But , at the same time there is no compulsion , for anyone to apply.It wil be better if energy is spent on analysis of the concerned issue and to suggest line of action.
Nifty 4922- Target 4992, 5008, 5036, 5094-5220 zone, 5292 or even 5301-5311 zone. Stop-loss 4766.
If stop-loss is breached, fall to 4719-4676 area, 4630, 4553-4492 area, 4431 or even below 4200.
As for short term, how the currencies oscillate, how the Asian markets behave and what comes out of Europe will have a more profound affect on our markets than Dada’s or Didi’s budget.
NMDC, grossly over priced, dont even touch the shares,even if the Govt prices it at 200/-, The estimated FY10 Eps comes to between 9 and 10, the share trades at a ridiculous PE of 50, Dont get fooled again, REC was given at excellent valuation. This is the worst issue if it comes anything above Rs. 140/-
I request to all the investors to be unite and don’t donate your hard earned money to these peoples or tell them lesson to bring at very lower rate of IPO as it was happening before 2005 i.e. Tata Timken, TCS, Tanla Solutions etc. where shareholders were rewarded with good gain on listing day itself. Hence, I request all the investors, be unite and do oppose with high price IPO / FPO.
this will be the next psu ipo in which maximum public will surely burn their fingers.its a highly priced share in secondary markets and worth only at one third the rates now.hence this is the ipo where all public will apply and will have maimum loss.hence this will be the last ipo from government where they will cut public.remember me.and my analysis then.as i had said about reliance power that it is worth only 100 rupee.then.
Dear gem ipo, I think it will definitely reach 700 on 1st or second day.I think 700 is reasonable rate to exit.I will go for it @600 bcos GMP is 130-145 & hope to make some buck.
Dear gem ipo, I cancelled them & opted for Man infra for 2 reasons 1)Man infra subscription will be less due to oversubscription of ARSS 2)My luck with lottery is very poor.Hence once it got subscribed more than 15 times I opted for cancelling.I think it was a good decision as I think you will get more gains in Man infra then ARSS as allotment will be better.
BTW you did not tell me @what price you are thinking of selling ARSS @listing
Animation and gaming firm DQ Entertainment (International) Ltd has raised Rs 256.9 million through a pre-IPO placement of shares for its 19.8 million issue. IDFC has been allotted Rs 200 million while the remainder was taken up by other corporates and high networth individuals. It didn't say how many shares it placed and at what price. DQE has produced/co-produced and distributed brands such as Iron Man - the first 3D animated TV series, Twisted Whiskers, Casper, third season of Mickey Mouse Clubhouse and is now producing properties like Little Prince and Little Nicolas. SBI Capital Markets is the sole arranger for the issue.
Dear gem ipo,I had applied in six full.Stopped cheques for 4.I also filled up My friends application which was full & submitted total 7 applications .So in effect 3 full applications with consecutive serial numbers got nil allotment.I wonder how it has happened.15/18 got allotment .The 3 applications which were not alloted were mine.