hai, any body advice can i buy this stock on listing day. the most of financial advicer advice is for buy. please tell can i bought or not. (Please see the below link)
3 factors that can lead to a good lising of TMJL:- 1. VERY SMALL ISSUE OF 28.75 Crore. 2. BWR IPO RATING 3. 3. MOST OF THE EXPERTS ARE POSITIVE ON THE ISSUE.
Trading Members of the Exchange are hereby informed that effective from Friday, February 19, 2010; the equity shares of Thangamayil Jewellery Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities:
Trading Members of the Exchange are hereby informed that effective from Friday, February 19, 2010; the equity shares of Thangamayil Jewellery Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities:
Great news (This is only story and not based on any facts).
Future group will be interested in a jewellery retailer. Reliance has a gold retailing arm.So does TITAN(Tanishq) Future group's Mr Mukesh Ambani has given instructions to his trusted men to accumulate Thangamyil on listing.
I am glad you have posed this question. I will try to answer this based on my technical analysis perception.Since there is no trading data the task is all the more challenging. I do enjoy such intellectually stimulating exercises.
However,
Based on the Elliott wave theory and the Japanese candle stick methodologies perfected by Fiobanci,
It will open at 95 and trade in +/- 5 rupees range for the first 12 minutes. It will gain momentum by 10 and will reach 100 level. By around 11 it will retrace to 82/84.50/83.75 levels. This is the time when most retail allottees will be out and serious day traders will step in.There will be a very high volume trading and churning. The maximum it will reach is 112.50 and the minimum will be 82.
By the way what is your activity and what does your client do?You seem to be having a very good client and he will immensely benefit from your valuable guidance.And how many shares has he from the IPO?
Stop loss is very important in stock trading.Also disciplined approach backed by technical analysis.
Statutory disclosure: I have not applied in this IPO. The above views are expressed in good faith and markets remaining stable. Extraneous events like 26/11, 9/11, Shiv Sena attacking non Mumbai brokers at NSE/BSE etc will spoil the analysis. More in depth analysis will be possible as we come closer to the listing day which will be put up by the exchanges soon.
HAIII.. i WANT TO KNOW ABT THANGAMAYIL JEWELLERY IPO, IS IT WORTH FOR RS. 75/- ... AND ONE OF MY CLIENT IS TAKEN SHARES FROM IPO.. WHEN IT WILL BE LISTED ? AND WHAT IS THE EXPECTED PRICE ON THE LISTING DAY (MIN & MAX) ?
Hai T C. One important news about this company to all share holder. NOT FOR YOU. coming MArch.14 another one show room in Sivakasi. and another one think the turn over up to 31.01.2010 is above 375 crore and GP is above and above. you see what happen in feb 19. you know above 150000 customer to own by thangamayil jewellery. this is first retails in jewellery business enter in capital market in strong fundamental. strong customer base. strong and extra strong. and you know another one the fully jewellery ornamnets in used by 75% in south like tamil nadu. so they are sitt in tamil nadu.
Future group will be interested in a jewellery retailer. Reliance has a gold retailing arm.So does TITAN(Tanishq) Future group's Mr Kishore Biyani has given instructions to his trusted men to accumulate Thangamyil on listing.
@TC I am sure you miss the bus and now u can not do more than what you are doing we will see whatis going to happen on the listing day i think at least 15% appreciation will definitely be there