Shipping Corporation of India Ltd FPO Message Board (Page 23)

“Always forgive your enemies - nothing annoys them so much.”

Oscar Wild :-)

good IPO's should possibly be spaced over so that they r not hit by shortage of funds...

The band looked like a good move that would have provided a support to existing share price and lifted it.. hope 2morrow is better.. else the offer may have to be lowered....

samita,
nice advice from arj if u want to have a portfolio for long run than
u have to understand the cycles ,all market ,sector and stock falls under cycles, cycles are short(1 yr) , medium(1~2), long(2~5), primary (>5 yr). and it is being seen that the sector which r shown good growth in the past cycles may not show the same for next(primary cycles), the sector good for the next 10 yr from current can be oil and gas, finance,education, telecommunication, infrastructure. try to use a top down approach for the stock selection,first check the market health, then check the sector, and then select the worthy stock in that sector, u can use technical indicators(rsi , sma 10,sma
200,ema 30, macd etc)for the selection. always plan a trade and trade a plan.
bye

The upper end of the price band of Rs. 140 per share is a mere 2.50% discount to current price of Rs. 143.50. Compare this with Power Grid FPO’s 8% discount to then prevailing market price. If market sentiments have changed over the last few days, the government should have factored that in, while pricing this FPO. Moreover, stock price of Power Grid has now corrected to 94 against its issue price of Rs. 90 to non- retail investors, post new shares having come in the market. Thus, Power Grid FPO has not given too much to cheer about, in the immediate future (read listing gains) especially for HNI investors. This will dissuade QIB and HNI investors from showing too much interest in this FPO.



The success of Coal India IPO and Power Grid FPO may have tempted the government to be a little stingy, this time around. Nevertheless, since the issue size (in terms of fund mobilisation) is not too large at Rs. 1,165 crore, it may have got a little aggressive on the pricing front. Maybe, LIC and SBI can always be relied upon in case of lukewarm response to FPO.



The markets would have cheered, had the party continued and if the issue had been priced atleast at a 10% discount (say, upper end at Rs. 130), leaving healthy gains on the table for prospective investors, even if, SCI share price corrects later, post more shares getting added to its free float.



This time around, retail will make an assured gain, given the 5% discount. However, QIBs and HNIs may not make a killing, as seen in Coal India (and expected in MOIL). Moreover, since overall cautious sentiments have made the secondary market valuations more attractive, HNI investors may not participate with full support.



Retail investors may apply at the upper band, and expect to get shares at Rs. 133 a piece, while others can give this one a miss and look at options in the secondary market!

Hi Aryanraj,

Thanks for your views on Powergrid. I wish to be long in this stock. Hope I can be patient enough to hold this shares.
Please keep posting any views on such stocks, which will be advantageous to person like me, who is new to share market.

jeetendrasinh.....SCI 133 me ayega ghar me...

Why has the PAT come down 30% on an year on year basis from 2009 to 2010?

no need to apply in every IPO/FPO...

hav patience ... SKIP Shipping FPO and wait for hind cooper

sci looking very risky to me

Guys wait till 12th when One97 Mobile Ipoopens, strong fundamentals n good company, with Intel as investors in it... Go for for it...keep money for this strong gains on listing day

ARE BHAI KOI TO BATYE KE 135 ME AYEGA KI 140 ME

CUT OFF PRICE KYA AYEGA ?

Hello Sreedhar & aRYANrAJ,

Please shares your views on JSW Energy and Adani power for long term at CMP

Price band very high govt. Is same as NHPC ,Fair value 62 only.

Sreedhar bhai,

As you are not applying in MOIL, r u applying in SCI or Claris life IPO. If so what is the proportion of funds allocated on both ??

Thanks !!

@ nanda, if you have long term view and if your money is at disposal and you want to invest in a good stock available at good price than yes powergrid has good growth story. but if you get panic attacks on daily ups and downs then be alert with such shares. they do not multiply overnight or even in months and years but when they do you get unthinkable profits. i bought 1000 ifci 3 years ago at 8.40 and kept loking it's price daily. i was using costly icicidirect those days and profit after brokerage was at 9.55 and above. i sold half shares at 9.55 and forgot rest 500 on my in-law's request. i sold them a few days ago at 73. almost 9 times in 3 years. but trust me, 6 months of 8.40 to 9.55 were so ugly and tidious that i was many times ready to take losses. same happened with sail which i had at 55 bought in 2007. it remained range bound from 50 to 60 for year or so. when it came at 100 in 08 end my new broker of kotak adviced to sell i said no. when in 09 it came at 225 my cousin advised to sell i said no. i will though now sell it at 185 before fpo. right now i'm carrying ntpc at loss and when i know ntpc is highest power producer and it's just a temp phase of downtrend why should i book loss. hence you can buy only if you have long term view and you can overrule all market falls, advices, tips and conditions.

Aryanraj, Thanks for your reply. I am having 500 shares of Powergrid at Rs.92/-. Do you think buying it again at a lower price would be a good idea?. or buy different shares like SCI from the market.

nanda,

powergrid is in consolidation process. going into strong hands from weak. before final phase of consolidation there will be 2-3 days of 5-7% hammering and will surely go below retailer price and a week to month long phase were it'll not move. buy it during that period. it may go up in between to trap new panic sellers but as of now it's not buy at current level stock.

KA: ARYANRAJ

Good analysis.

Do you think POWERGRID will come into this category, where this stock is 52 week low. Can this a buy now.

Samita,

Entry and exit in share is never known. Like I accumulated reliance power from 165 to 160 to 155 to 152 and then price started to go up. As Obama came to India I sold half of my shares at 172 and 4 days later rest all at 186. Now I'm not excited with reliance power as ADAG pack is getting beated everyday. Likewise I accumulated Punj from 130 to 117 levels and sold all at 136 to 138 and it's trading at 90s now. I can advice you to check years low of each stock you are willing to buy, keep tracking it daily. Right now no such portfolio stock is available in market as all such shares are overvalued. I mean I can't suggest you to buy sbi at 3100-3200 level knowing it's price movement range a year ago was 1200-1400. So as I said, keep tracking stocks, have a price of entry in mind and buy that stock when market tanks which will surely happen sooner if not later. Dont hesitate and just buy at that time. Avoid punter stocks like murli industries, vip, delta corp, suzlon. I mean compare reliance industries with murli, vip with nestle, delta corp with infy and suzlon with ntpc, who stands strong till last breathe? In long run only good stocks survive rest all become penny stocks. And don't worry about any holdings on good stocks as currently only 1% Indians have demat a/c, think what'll be position when say 10% people come in!