Auro Impex & Chemicals Limited IPO Message Board (Page 1)

@SJogi sir, if I understand it correctly, sometimes MM do that to liquidate the position and then use the same funds to drip feed and fire it up slowly and steadily. Generally, they do so for fundamentally sound companies and Auro seems to be doing all the right things…as they expand into setting up HFTR manufacturing unit.

I may be wrong in my understanding, and will be happy to get educated if anyone can share their understanding too..

@Kapz 
Yes u r right sir! But
It would have been good if they had sold above ipo price as the price going below ipo price creates panic among the Retailers.
Otherwise company is good.
It will take few days to cross 90.

@Kapz Your point kinda makes sense to me but there are some probabilities too. Just wanted to know, if you have personally seen any such stock which has moved up like Auro Impex's scenario?

@SJogi sir, I think they generally do it when price is not moving up as much as it should. If it stays above issue price, they really don’t need to do much.

​@Abhishek Rajkot I don’t think there can be an exact scenario but yes, if you look at bulk trades for Nirman agri, you’ll notice how it’s market maker NNM securities played buy and sell trades frequently when the price was falling down. Once it picked up there wasn’t much firing required.

Can’t say if it’ll bounce back the same way or not, but Auro seems fundamentally sound as Nirman agri did, and their good FY results helped too.

Make sense. Thanks for explanation @Kapz

@Kapz  Your analysis 🔥

Today is 9th day so by Tuesday only circuit will be revised sir...

@Earthking 
yeah sorry, a counting mistake.