Hello Members, Few pointers regarding TGIF. 1. 30th May Financial Result is expected to be declared. 2. MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED Sold 37200 of holding at a lower rate leading to a loss of 19.7 lac. But at the same time, they buy 88800 shares worth ~84lac. Can someone guide me why would someone do this? To create selling pressure and to absorb major shares at a lower rate?
Even today its LC, it has 3 more LCs to reach at the IPO price. Maybe this week we can see some positive movement. But I am waiting for FY24 Results, having a gut feeling this will jump even stronger because of its small size.
Gone wrong by not selling in pre open, HEM sometimes does this trick by putting large buy order and then disappearing.. But nonetheless still a gud listing and enough liquidity to suck out the selling pressure..
@Sanchit Jain apologies for not responding early, was little busy. I was only able to apply 2 retail applications after allocating funds for other ongoing IPOs. If you have applied here and get allotted, nothing to worry it will not list in discount. Infact may surprise positively on the upside.
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May 10, 2024 4:32:42 PM
IPO Guru (2200+ Posts, 1100+ Likes)