One sentence answer. Those who bought SBI Card with trader mentality need to worry and those who bought SBI Card with investor mentality don't require to get worry.
Risk Factor plays a huge role. People who can't afford risk should avoid the stock market. 80% of mass selling is being done by people who can't take high risks.
Unhone ye bhi kaha tha portfolio stock hai, So i am holding for long-term. But the feedback from him we can buy more at correct entry level. That's why I post message for the valuable feedback of IPO guru.
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March 16, 2020 3:45:02 PM
Top Contributor (400+ Posts, 100+ Likes)
My suggestion will be: SELL for now @ 695 INR. Share is definitely good but the market conditions are not in favor.
Sell, Invest in Liquid Debt funds and wait for market to recover. Once the market recovers, buy it again and book profit. Because if you continue to hold, it'll take 3-4 months to book good profit. So clever move it to sell out and buy later.
I think so in the upcoming IPOs.. small retailers won't even dare so subscribe after today's disaster listing... forget about equitas and all that companies in the list...
markets are trading @ 9.5k not 12k and ur expecting it to list with a premium? once virus dies down and markets recover good IPO's will be subscribed heavily, also keep an eye on SBI card, i can easily see this stock @ 1200 once markets recover
Don't understand why people are blaming SBI for global market sell-off, though stock opened @ 661 it still hit its ipo price @ 750, one should keep looking at any price below 700, once markets recover this will be @ 1200 -1500 in no time
Even when the QIB subscription is around 50X, then why it should list at discount? The name of the company SBI is lost now because of this. It has not even crossed the issue price of Rs.755/-. So, investors! hereafter be careful before applying for these kinds of big ticket IPOs. They also can fool the people. I agree the market is down today. But at least, it could have listed around Rs.800/-, so that retail investors would have been happy. OK guys, thanks.
SBI has always looted poor retailers... and helped people like alya, malya, yes bank.. they are doing Aish in forign countries now. In short, SBI will get their NPAs from retailers that's for sure :)