2 lacs 87 thousand shares in auction on sell side, 33880 on buy side. Sell started at 199.20 and now its at 200.45 with most orders at 200.20 therefore for few minutes 200.20 should sustain and it'll touch 200.45 after this set is finished.
Worst is over in PFC and the supply is getting exhausted. Now you can see a price of Rs. 210 To Rs. 220 in next 3-4 days. Those who are still holding the share are brave and enjoy the profit.
Muthoot Finance also gives a good return in next 3-4 days.
My personal opinion is that the prie would stabilise around 200 and the likelihood of price going below 193 is not there for the reasons stated below.
1) PFC is a fundamentally good stock 2) Has parallels with REC and this should also fall in line with PFC. 3) PFC crossed 190-200 levels within 6-7 months after IPO listing in 2007 Feb 4) These companies used to pay good divided too.
i have applied from asba but not alloted any shares. asked to allahabad bank they say the amt holding is now free not debited any amt. now what i can do for allotment. please help me.
Never ever do a panic selling. PFC has strong fundamentals than the the private cos. It is just the basic "supply and demand" theory. It is on the rise now and surely will touch new high in few days. Just use common sense and wait and watch.
Its nice idea. What if the share price goes to 180 which is expected very soon. I am seeing this trend in almost all the FPOs until now. Then I have to wait for 1-2 years to sell my shares in profit.
If I sell my whole holdings today, I can buy 100 shares for my portfolio in discount price later.
btw, first target hitted and 250 shares has been sold already. Now I have changed other 250 each to 200, 201 and 202. If the target is not hitted by the end of the day, I will change the price and sell it.
Good work by putting order in segregated way. I would suggest if you sell have quantity today and keep other half till new floated shares are absorbed in portfolios. This way if your selling price is say 200 your rest half left shares will become worth 185 and if price contains, your gain on 200 cmp becomes 15 rs a share!