SKS Microfinance Ltd IPO Message Board (Page 6)

@SJ: have you heard any market grapevine or rumours about SE lately and do you think there is any truth in it ??

@SJ: when do you expect the SE investment to move up..approx which month...you must be adding thousands of shares at 49/- ....

Thanks SJ. Regards

@ NSN

If u applied for short term and want to raise cash sell at any rise above 1885 till 1220....

@ NEW INVESTOR

If you refresh your memory it was 1167 and went down to 1080 on listing day.

Then it rised to 1160 again.

then it went to 1180 and corrected for two days 1155.

After that it went to 1230 in one day rising 7%.

So base is forming INSTITUTIONS LIKE HDFC ARE PLANNING TO BUY...THEY GENERALLY WATCH FOR SOME DAYS...
My target is 1350 for 2-3 month and 1680-1750 after 1 year

Have patience best of luck to you guys

Dear SJ,

Hi, I also need your advise on yesterday's fall. Please advise whether I should hold the 72 (got in 2 accounts ) or sell and at what levels I should sell.
Regards.

Hi SJ,

any reason for the fall today....is it profit booking. Whats the outlook for the week. Can we buy for a 4 - 6 months horizon at these levels ? Your reply would be appreciated.

Thanks and Regards

1213. Raghu

Some private banks are trading at 4 to 5 times book value. Buying in installments is always better, or else stop-loss is a must if you want to play outperforming stocks & stocks.

Brokerage House are recommending under-performing stocks like Reliance for long-term. Long-term investors should invest as contra when showing signs of improvement in stocks / sectors. Warren Buffet also do that.

There is no any bubble in financial sector. Some of the local brokers are just creating some noises. In fact India fundamentals are rock solid and you will see the market making new highs and the growth will be quite strong.

These local brokers are not able to analyse stocks like Jubilant and SKS. They always tell it is expensive and overvalued. One funny thing is they always bet on Reliance which is under performing the market for years now. How can they analyse the broad market???

Indian Markets are always driven by FII's. They know the growth story of India and the reforms that are going to take place in India for next 2-3 years.

Coming to Banks, If you just look at the psu banks history, they have underperformed the markets for very long time. If any body had bought syndicate bank or IDBI bank below 5 years, there returns will be less than 30% even now.

All the psu banking stocks are doing well mainly because of there very good results in this quarter. After the 2008 recession, most of the people have moved there money into psu banks and lost trust in private banks. Even government is infusing lot of money into these psu banks and strengthening them. So due to all these reasons, there performance has been robust. This is likely to continue for next few quarters.

The growth may slow down for some time and market is going to be in range bound for some time. But there is no any indication of any bubble formation. Indian Markets will be very strong for another 2 - 3 years and will make new highs.

GUYS WHAT DID I SAY YESTERDAY...SEE. TODAY IT MADE HIGH OF 1238....Target 1340...as big mutual funds..are now planning to buy it.......and even Spandana Spoorty the second largest MFI is set to hit the bourses with IPO.....Now DIIS LIKE HDFC who missed will enter....the stock in next 1 month....i maintain my yesterdays target of 1340.... this can be wrong only if major crash like....bank failure etc,... happen in US

There is no financial bubble in India...and not in Microfinance...with NPA less than 0.4% and not expected in future...bcoz of stict rbi norms...and association of micro finance guidlenes...infact even in recession...of 2008 these companies managed to raise equity....long term capital loans and maintained 70% growth rate...so they are recession proof....however...in case of meltdown in US....there can be correction in these stock...but they will come back strongly....!!

1208. Sj Aug 19, 2010 4:35:32 PM IST Report Spam!

Dear BOARDERS.....Some important inside news i just got from my operator....on SKS..

HDFC MUTUAL FUND PLANNING TO BUY 10.4 LAKH SAHRES OF SKS IN COMING WEEK.....JUST WATCH SKS....FOR NEXT FEW DAYS....TARGET 1340....STRICTLY FOR DELIVERY HOLDERS AND NOT TRADERS.....

SKS Micro 1216- Support 1165-1142. Resistance 1285 (Normal High), 1354 (Extremely High).

Next Resistance 1476+ also possible, but unlikely in next few months.

If support zone is breached, fall to 1076. There is a rumour of Financial Stocks bubble. If bubble bursts, it could infect this stock. In that case, fall to 1040 or below.

As long as it trades above support zone, every dip is buying opportunity.

This is what I am inferring from limited data. A detailed review required next week.

This is my personal opinion. Investors should trade according to their own source of data or as per their home-work. Don't panic just because of my opinion.

NOW ITS 1225..........BAHUT DUR TAK JAANA HAI

@ 1205 mukul you can read my opinion...posted today......on gujrat pipavav........strictly apply.....for long term.......listing gains may or may not come......coz...small ipo size....can lead......to rigging by operators.....and you will be grilled......by booking loss or exiting profits early........

Dear BOARDERS.....Some important inside news i just got from my operator....on SKS..

HDFC MUTUAL FUND PLANNING TO BUY 10.4 LAKH SAHRES OF SKS IN COMING WEEK.....JUST WATCH SKS....FOR NEXT FEW DAYS....TARGET 1340....STRICTLY FOR DELIVERY HOLDERS AND NOT TRADERS.....

very good IPO lagata hai.jaladi listig hoga to yatra karneme khushi higi..

Bad news for small retail investor. IPO limit going up from 1 lack to 2 lack now if you apply for 70000/- than you gets some shares on the flat basic but after new limit for flat allotment you have to apply for 1,30,000/- minimum . which is not easy for every small retail investor. So this is not a good step which sebi going to take. Send email to the sebi for your investment protection. Last date for advice to sebi 3 September.

Please Jain sir, give us a final advice on pipavav port before the closing of the ipo. I will be very thankful to you. I am very much impressed with your opinion on sks micro finance.

is good

@ Silentr one

Yes buy....today i bought 2000...will buy 2000 for every 1 rupee dip till...48...

tension nahi leneka...they will...triple their sales in fy11 as per guidance...

Anyways will be trapped in this for a while before ...

SE should bottom out at 48-51 levels I think...