Hello SJogi bro, appreciate you actively posting. Normally I have to go through each ipo page. Sir, how do I follow you for your instant update. Means is there a way we can automatically come to know about someone's posts?
Now 42 has become a wall of protection. All shares at selling side will get absorbed. Big players already entered. Based on valuation, target is 80 in one month.
SMC global already acquired more than 10% stake in agarwal float glass. 60% investors already changed their hands. Agarwal float is in to value added product glass. It is a very safe business of trading to maintain fixed margin without involving much fixed cost. After IPO management is about to expand its geography beyond Rajasthan. I am holding it and sure will become multibagger in coming months.
Apart from shares bought on or after listing, definately in IPO also SMC got allotment..so more than 50% of ipo share are controlled by SMC and more than 70% shares controlled by 3-4 investors altogether.. IF on Monday also SMC acquire shares at par then it means something big can happen.
@ Arjun Rajkot.. surprise to see you failed this time with your prediction. reasonably well listing. Thank god for profit. coz of you guys negativity i got 6 lots.
114.1. Kapz| Link| Bookmark|
February 23, 2023 10:46:22 AM
IPO Mentor (600+ Posts, 200+ Likes)
@NayanD, vital has indeed been a strange one. Strong fundamentals, very strong listing, and then very strong drop. I believe it is mostly because of lack of information or communication from the company that’s resulting in people losing patience and selling. Fundamentals still seem robust. In fact, just noticed on screener and NSE website that their Q2 results in September were really good. Funny thing is, at NSE, they got published as Q2 results, but screener is showing those as H1 results. Essentially, screener compares FY22 H1 results with FY23Q2 results, and yet the numbers are higher for FY23Q2. I suppose if you can show some more patience till FY23 results are declared, it may even be a good time to accumulate right now. My two cents..
@Kapz I think what is appearing in Screener is correct. Please go through Company's financial results link https://www.vitalgroup.co.in/investor-pdf/result_30092022.pdf