It seems Harish/Harsh Kumar has invested tons of his money in HUDCO. Right from the time it got listed at a discount (when he went into a state of shock)..he has been advising every one to buy...
Beware of his recommendations as they are driven by personal interest
know you want people to believe you so that they buy in scrips you are loosing. In Hudco I am guessing you had invested and when the price went down.. you started the motivation talk.
While HUDCO is a good scrip a lot of people who invested went for listing gains so the price went down... this will again do down once more tax free bonds hit the market...it is all supply and demand...
One more thing can you get your keyboard checked... your caps is always on.
Do not regret not buying HUDCO .... you can get it from secondary market at a lower price and better interest rate ... say you get it @ Rs 975 ... you get higher interest rate with lower price as well as Rs 25 benefit when the bonds mature ...what Dr Harsh working in Accenture says loudly is correct to a certain extent ... for people looking for listing gains on this.... they will list at discount ... take the example of IRFC ...
IRFC versus NHAI... IRFC is at a better price @ 1006 odd even if i get 8.1% on it from the secondary market versus NHAI @ 1041 odd on which i get 8.3%. I think it is the first day selling pressure. Should rise upwards in line with NHAI ( though will always be lower than NHAI due to lesser interest rate on secondary purchase). Also if the interest rates get cut these will move upwards. So for small investors looking for listing gains it is better to hold for a month and one would get up to Rs 25-30 premium.
Beware of his recommendations as they are driven by personal interest