Hi All, Cinemax will announce allotment around 6 or 7 feb. It will be listed at around 310-325 due to it present strong foundation in Mumbai area(Which is Bollywood).Its now expanding its wings to other major city's in India after IPO. Entertainment Industry is now at top in Mumbai due increase in money spand capacity of young people(between 20 to 30 age group people) due to boom in IT, BPO & Banking sector.People are accepting new Mall culture...weekend shooping & movie with family will increase revenue for Cinemax as it is oldest player and having prime location.
your info on circuit was very good. even i wasn't aware that sebi put some limitations based on scam and availibility on other excahnges. well, just to correct one unintentional mistake that you given was 10.55am instead of 09.55 am.
Thanks for all on the details about, circuit breakers.. I have one more question? When will tanla break the circuit of 2%, is there any time period from the listing date, for that it should trade a minimum period before it could break free from the lpwer circuit.. Where could i get further information about circuit?
Hi, Plz tell me gray market premium of cinemax & allotment for RS 1 LAC application??????????? Any other site where v can discuss regarding secondary market ??
Hi Srini, i don't think there is any basis for the same (its my guess, im not sure). It depends completely upon sebi to decide what circuit breakers to utilize. For Tanla its 2% coz tanla solutions was already listed in hyderabad stock exchange and this issue was a follow-on offer not IPO, so i guess sebi fixed the circuit breaker as 2% to prevent any scam or maybe volatility.
Hi Sundeed, In fact the info given by you is very useful. Thanks alot. Could u pls tell me, how these circuit breaker level will be decided like 2%, 5% or 10%. Is there any basis for the same.
hi srini, stocks while under circuit breakers can't be traded; no one can buy or sell either in upper circut or lower. Lower circuit is "sellers freeze" and upper circuit is "buyers freeze". Circuit limits are fixed for different stocks by exchange or sebi and for tanla it is just 2% while for other stocks it is 5%, 10%, 20%.... it varies. If you want to sell your stock (especially tanla) you should give order to your broker as soon as the trading session starts i.e. at 10:55 a.m. and same is the case if you want to buy it, so that you will be able to buy or sell it before it reaches circuit limits, but please calculate whether you are at a profit or not before selling. If you need anymore help, please feel free to ask.
Sorry for the offline topic.. "Can anybody brief me about circuit breakers. Last week i could'nt any shares of Tanla solutions as it was on the upper circuit, and now i am unable to sell my shares as my stock broker(HDFC sec) says it is on lower end circuit". Please give me more understanding on the same.As i am loosing money for not able to see my shares intime.