Titan was once at 48 now it is at 2000, fundamentally and hisorically SGJH and titan are exactly same...dont panic it is just following the nifty trend...once market is stable this stock is the first one to go up...i repeat this stock will cross 200 in near term and 300 in an year...
forget goenka........ it may list similar to ganesh........ it may go down to 30-35% lower than its issue price similar to ganesh if u are interested in jewellery then buy ganesh at 155-158 for 180-200 in one month this stock has find its feet and now i think its underpriced
discl: bought 200 sh of ganesh yesterday at 161.05
ASK,Manohar do not start saying anything abt tgis company. it has proved by listing that it is a bakwaas and bundle company. you might see it going below 100 in few days.
if you have bought and got struck in this ipo dont persuade others there are lot of other good companies available in market to buy so why get in this bundle ipo.
sell this stock and exit at whatever price stock to go below 100 soon
shree ganesh ke promoter aur merchant bankers itne chor uchkey honge, kabhi sapne mein bhi nahi socha tha. in sab logo ne mil ke small investor se acha paisa loot liya. small investor ki hard earned money looti hai iska bhuktaan ye log karenge.
Low delivery basis selling, no bulk deals, investment by long term reputed investor bennett coleman & co. ltd in private placement at 150/- and not booked profit yet, 4 star export house company with revenue of 2300 crores last year, company will be 5 star export house on announce ment of March 2010 resul. Looking at above positives I am confident about company's future. I will hold all the 301 shares alloted to me in IPO.
Mr ASK,are you holding Shree Ganesh Jewellary in large quantities?Shree ganesh is not in F&O & hence no chance of hoping that it will come up by short covering.It has come up on its own & not by short covering help.
It is apparent that some vested interests are hammering down the SGJL shares by short selling. The positions will eventually have to be squared up by such parties which will push up the price shortly. Just wait & watch...
Shree Ganesh Jewellery House Limited has informed the Exchange (NSE)that: "We have received orders worth Rs.508.00 crores for manufacture and export of gold jewelleries, from our various overseas buyers. These orders are to be executed within current financial year i.e. FY 10-11".
645@eruamai she is correct, there is a news -Shree Ganesh Jewellery House gained 0.91% to Rs 166.25 at 11:45 IST on BSE, off the session's low of Rs 163.50, after the company secured overseas orders aggregating Rs 508 crore from various clients for manufacturing and exporting gold jewellery.