This is still a gem...it is a portfolio long term stock.if u are in panic u can sell .if u have funds avg at 90 when it falls..invest nd forget for 1 year and see the magic..this is far better than recently listed IPOs..fra better than droneacharya..don't check daily...leave for. 1year
My advise is avg at 95 to 100 if it falls further.this company fundamentals are very good ,there is no point in booking loss in fundamentally sound companies also.these companies required some time to shoot up.price may be increase and decrease.but i am confident of 500 levels in the mid term by sept results.if the market is stable it will be achieved by june itself...see the fate of dronacharya now From all time high of 240+ to 150+ .so my advise is invest in fundamentally sound companies rather than going in a herd and getting losses.
Wait for few quarters.dont book loss unnecessarily in these fundamentally sound companies.invest and sleep for 1.year.definitely this will go to 500 levels by june 2022.rest is ur wish ..i am ready to avg 100.again at 90...let it fall no issues.this is a great company.worty waiting for long term.
Whenever you call a stock multibagger - it is always crazy manipulation irrespective of the financials.
Actual Multibagger stocks are held for decades and not just a month rest all is luck n patience. I purchased 6 lots of this stock yesterday and will hold it and average it with patience. Now a days in IT stocks patience is tested and this being the biggest SME stock ipo from 2022, will take time to fly. We know stories of stocks like KN Agri, Cargosol being beaten badly after crazy rallies and we also know stories of USA seeds, Varanium cloud, etc where manipulation took them to 100+ PE ratios.
In both stocks luck and patience were tested.
I suggest to hold on or put a GTT order of your choice price and sell it as per your convenience.
I had bought ten lots at rs 125;35 per lot hoping and thinking that it will turn out to be a multibagger seeing it's financials but things are not turning as what I thought.shoul I hold and what can the price be after 5 yrs.
My advise is do not book loss..hardly it required 2 to 3 trading sessions to cross your investment level . definitely this will cross 250 by March .and 500 in 6 months ..mark my words
This company financials is very good.Still i m holding this and will hold .this will give very good returns in long term.initially varanium also struggled at same levels and came down also.please be patient.otherwise u can exit its ur wish. I am confident of 500 levels as told previously in 6 months.
It has incorporated a wholly owned subsidiary namely Alletec ARC Limited in Kenya .this will boost the company business..the company is huge potential to grow. definitely this will give multibagger returns..just wait for few months.
2 lakh+ volume getting traded so far today - may be 120 is base now and good that its not behaving like any other SME where UC/LC and its standing strong while markets are bleeding last few days. So, in way it can be hold. I am holding 1 lot while sold other lot at 123 few days ago.
If u think it is worst u can exit no issue..but this company is very fundamentally strong.just give some time.see after March end results. Am still confident that it will touch 500 in a half year..
I regret even today for selling varanium which i as alloted .i sold at 165 .i learnt that if a company is fundamentally strong,with for few quarters . definitely it will increase.if u have excess funds average at 100..this company will give block buster returns in coming months..have patience