Suggestion please: Friends i have the capacity to apply only for two lots, for which should i go for.... 1.shekhawati poly or 2.C mahindra Please suggest me seriously...
885, ms mudd, I am also stuck with Ramky infra. I tried to average it for a while and found that it is a futile exercise. It is going down and down and I don't know when and where it will reverse. It could need a trigger like a good quarterly result as in the case of Shree Ganesh. You can understand when there is a trend reversal and a break out. It is better to buy at that time than averaging it now. Till then I am trying trading intraday. When there is a sight up move I sell and cover it during market close if it comes down. But these opportunities are also rare these days.
I think, those who have applied for full, they may get 1650 shares/ 44-times=40 shares(approximately). Others may get proportionately less no. of shares. That too, by drawing lots. So those who have applied for full(Rs.198000/-), they can expect around 40-shares. It may be credited to your account latest by Monday(27/12/10). Listing may be on 29/12 (or) 30/12/10. If it lists at around Rs.214/-, then Rs.100/- gain per shares. So total gain will be 40 shres x Rs.100=Rs.4000/-(max.). Happy New Year to all of you!!!. Thanks.
In my opinion only stocks with high volumes and good p/e ratio can give good returns. For eg. ICICI Bank, Infosys, Wipro, TCS, Bank of Baroda, Canara Bank, SBI (not now only after April 2011), Karur Vysya Bank, Thermax, HindZinc are some of the stocks which gives higher returns within a span of 3 months holding. If these stocks goes down it will be for a breif period and once Indices start moving up these stocks are the first lot to move upwards. We can buy 10 to 20 stocks on these counters and wait for one or two months or on every increase of 100 points on sensex book profit and reenter when 100 points down. You can make good amount of money if you stick on to the same counter.
Do not go for averaging. The law of trading in stock market is buy high sell higher. If you go on averaging in stocks like this you will end up in further loss. Only in blue chip stocks you can go for averaging. Wait for few more months if you can till yearly results are out. Even after that if they don't go upward then book loss and change to blue chip counters.