This is just over supply of FPO shares that is keeping the price in a tight range. Once dust will settle down, Power grid will come back to 100-105 range.
1857. Chem cho| Link| Bookmark|
November 25, 2010 10:18:11 AM
IPO Guru (2600+ Posts, 2700+ Likes)
I AM OUT AT 95.2 IN ALL MY FAMILY ACCOUNTS I AM HAPPY WITH THE RATE AS MY TARGET WAS ONLY RS 10 AT THE TIME OF APPLYING IN IPO I HAVE 25 SHARES FREE IN EACH FAMILY ACCOUNT REST OF THE PROFIT ABOVE 95.2 IS FOR MY WELL WHISHER WHO HAVE BROUGHT IT FROM ME GOOD LUCK 10.18
@SHREEDHAR Power Grid...I had applied for 325 shares but only 87 shares have been alotted to me, could you plz suggest me the target price? Ihave not sold on 95, should I wait for 98 or sell on 95? Plz suggest...I always read ur valued comments.
It was a good decision on my part to sell 297 at the rate 96.40 and 296 at the rate 97.10 yesterday. Still holding 296 from ICICIdirect account. To all users spreading rumours about auction. Shares shorted are send for auction only in case of no delivery of shares till T+2 day. So anyone who sold on tuesday or later won't face auction.
Of course this share could be worth for long term traders, there is no doubt about it, but for the very short term traders like me it's worth to take profit and get out of it.
1851. aRYANrAJ| Link| Bookmark|
November 25, 2010 9:38:46 AM
Top Contributor (600+ Posts, 100+ Likes)
Huge panic selling at 95 and smart accumilation at 95. Someone who is not letting 95 to breach knows it's worth. As I write this there are 2 Lacs buyer at 95 in nse+bse and 1 lac 40 thousand sellers.
I did sell 297 (all alloted) at 95 which gave me 2500+ pft as there is no point waiting for share to jump till 100 or so, which will give me marginal pft compared to the current. At least i could now use the released (or sold) amount to apply for upcoming giant ipo (MOIL).
Dame it SBI Look at the information message "Due to technical error the trading system will be down till 10.30 AM sorry for the inconvininance" in the login page of sbicap securities
1846. aRYANrAJ| Link| Bookmark|
November 25, 2010 9:09:27 AM
Top Contributor (600+ Posts, 100+ Likes)