friends ap sbne fatehabad ko bhot sunayi thi jb usn kha tha ki 58 60 me buy kr lena or mne 58 60 me 3 lot buy kiye h ab 70 ka price h so mere liy sarveshvar food me uc hi h
Iranians consume 3.2 million tons of rice a year while domestic production stands at 2.2 million tons.
More than 1.05 million tons of semi- and wholly-milled rice worth close to $996 million were imported into Iran during the first half of the last Iranian year (March 21-Sept. 22), registering an 84.4% and 108.4% surge in weight and value respectively compared with the corresponding period of last year.
Rice imports accounted for 6% and 4.2% of the volume and value of Iran's overall imports respectively during the six-month period.
The imports are made mainly from the UAE (reexport), India, Pakistan, Thailand, Turkey and Iraq.
Iran is the largest buyer of India's basmati and accounts for a fourth of India's annual aromatic rice shipments of around 4 million tons. Every year and during the rice harvest season (July-January), the Iranian government bans rice imports in support of local farmers and domestic production.
@rakesh, Mutual funds generally don't invest in microcap companies. They generally don't invest in companies whose Marketcap is below 500 cr. This is my understanding
@ Maulinbhai, I am holding 7 lots & I won't sell in loss, that is for sure. I am confident about sarveshwar. After 6 months I will be surely in profit (how much... could be anybody's guess). Unfortunately for us that after listing, too much selling pressure from scared investors led to unexpected downfall. No support from L. M., has intensified the downfall. L. M intervention hasn't seen in this counter at all. Stock itself has formed its bottom at 55, after weaker hands has sold off. Now wait for full year numbers (2018).
Umangi, One more good news for Sarveshwar's food.good work.i thing we are both holding maximum lots in this side.l also discussed with management if you interested to hear
It's a good thing. Earlier sellers used to sell at any price hence price used to tumble. Now panic selling has stopped hence volumes dropped, people are not selling at any price. Now hopefully buying will pick up gradually.
Share blaster is Fatehabad... Feku number 1 hai he Fatehabad Fatehabad urf share blaster....now its time to change ur name again... Sarveshwar IPO me bhi aaise hi fek raha tha...
Today's volume is 168000. I think panic selling is over now. Today price movement is only rs.1.6 (high-low) with moderate volume. I think base is formed at 55, now consolidation & accumulation will go on for some days before upmove.
Umang ji. Today in morning first hour was something tricky for price movements as I observed that selling of 4/5 lots taken place @61/61.5 but disclosed quantity was only 1lot. Offer lot was only 1 and at same price volume changed for 5 lots. As per your view my thinking is also telling that 55 is strong base. But this stock does not give upward movement like other SME in last 2-3 days. Hope it will start running next week.
@D. TANWAR, Keep your portfolio diversified in sme. You have one I. T, one infra, one fmcg (rice companies are treated as fmcg companies, thanks to KRBL). Now add one more sector of your choice, if you really want to. Sarveshwar is a good company but you already have 1 lot, so go for any logistics or chemical company,even icemake & jash can be look at on decline.
Get out Bholabhala & switch to any sound company. Jewelry stocks are bitten down (after nirav modi case) & I don't see any silver lining in near future. Only stock I like in this segment is TITAN.
I earlier all ready told that volume is a big issue for 54cr.equity.jab tak 5-6 lacs volume nhi hoga vo bhi constantly 3-4 days tab tak issue price ana muskil he.
PROBLEM WITH SARVESHWAR FOODS IS DELIVERY VOLUME MANY IPO INVESTORS HAVE NOT GOT EXIT OPPORTUNITY. AS IT IS VERY BIG IPO. SO FEW FUND BASED BUYING IS REQUIRED TO SUPPORT THE PRICE AND TAKE IT BEYOND IPO PRICE.. JOURNEY WITH SARVESHWAR WILL BE V V V PAINFUL
Isn't it better to book loss and look for opportunity , ideal funds can be put to subscribe better ipo like ss infra etc .. just a suggestion..but sme is risky for sure
That is dependent on the risk appetite and the capacity of the individual. There would be many who could continue to hold but also apply for other IPOs which are good. For those who have shortage of funds it would have made sense to exit at 70+ levels and go for other IPOs so its all subject to availability of funds