People who are still holding NMDC can definitely hold. It will bounce back to 350 kind of levels very soon. Some positive triggers are expected in the stock shortly.
you can fool all the people for some time, you can fool some people all the time but you can't fool all the people all the time.
That's exactly is happening with all the PSU IPOs. Government fooled all of us with NHPC and after that they are repeatedly trying to fool us with different IPOs and are still managing to fool a few but with every attempt no. of fools are decreasing.
In a way, it should be a good learning lesson for those who applied for this IPO- Be smart next time! Valuation matters, not the reputation. No doubt, NMDC is a gem but it's not priceless.
ye GEM OR SHREEDHAR apne ap ko kya samajta hai? IPO KING ? MERE BHAI YAHA KOI KING NAHI. kaha gaye wo log jinhe NMDC ke 500 ka price chahie. ????????? aab kue nahi likhta.365 hua to sab ko ....410....500 dikhta tha.....
Lic, sbi ko allotment 4 days pahlay he milgaya tha,330 pay apnay all shares sell karkay yay, tumhary jaisay fool logo kay share 200 pay wapas buy kar laygay.
Very strange thing, during the FPO every analysts were telling the issue is very expensive and were suggesting not to apply. Today after listing they are giving Buy and Hold signal and providing term targets!!!
Looking at the messages coming in past few days and looking at other IPO discussions, I can safely bet almost 75% of users who posted don't even know full form of NMDC. And going by blind faith on guys/gays ID starting with IPO (IPO gem, ipo guru, ipo raja, ipo ghanta, ipo blah blah), I am pretty sure that all users coming here wants and thinks share market will double the money in 1 day. Fools. Oops FOOLS!!
As per my Technical Knowledge NMDC will not close below 280/- / Further more it is in highly over-sold teretorry , Hence a technical bounce-back take place soon any time .