Its small company, but not in its field.... It is one of the top best weighting co. Its a partof one of the third largest manufacturer of weighing systems in the world and they manufactures Analytical balances, Precision industrial balances, Moisture meters, Laboratory balances, Jewellery scales, Table top balances, Platform scales, Compact scales, Load cells, Weighing indicators and Viscosity meter etc. Buy at current levels.......... u will never see such levels again.
i was targeting avon at 8.3rs last week, but did not get any :( now there seems to be sharp increase in volumes. comparing p/e with avery india,i dont see it crossing the rs20-30
Avon finally started moving up. Pick this stock below 10. Never find such levels again. Immediate target to me is 15 Rs. in 3 days. Short term 35. Medium term 75 Longterm 150.
There might be a chances that some might have done squaring on 1st day of trading, so only they are having costing less than 10/-. So these fellows might be a sellers in this market. But now the persons having cost less than 10/- are very few. so from this point forward if market sentiments will be good then this stock will definately give you good return.
Avon has Earnigs per share of Rs 1.50, thats what may be its cost its 15% dividend will wive u 15% retuen every year. Plus it will suddenly boost. Target of Rs 34 in short term.
Mr TR, this share will give you handsome returns if you hold it for just 4-5 months only. It will definitely touch Rs. 50. And you think that this will touch Rs. 4-5 soon. Never. It will not go below 8 Rs. So start accumulating this stock. Very low floating stock. Just Rs. 10 crore IPO. It will show spark very soon. Keep investing.
Out of all recent IPO, only Bafna and Avon are fairly priced IPO and available at lower price, So accumulate them for atleast one year to perform. Both are performing industry and having EPS. The market may bounce here for few days as per market sentiments, so accumulate at lower and sell at upper circuit.
I will not advice you to sell below listing price. There might be a possible that it may slip further, but within a few day it will definately give you chance to sell above listing price. If u want to cut-off your price, U can go for squaring. Sell at higher and repurchase at lower. By that u can cut-off your price. But make sure that on day of squaring market should slip, otherwise you have give delivary. One more thing dont sell your stock at a time, sold it step by step.
I completely agree with Girish, Bye at this level and forget it for 1 year. Because in this volatile market this share may not perform well but after performing 1 year the same may give u good return. If market bounce by +1500 point then u get good return in short term.
U know this is the level where Mutual funds and FII are buying the stock. So to sell below 10/- and go for loss is not advisable. If all thinks like that the price will raise definately.
There might be a possibility of going it below 10/-, due to the selling pressure. But as far as per my knowledge it will not be advisable to go for sell below 10/-. Also company is having EPS of about Rs. 1.50, so share is fairly priced and there is no need of worry. Production is goinig to start within this year so the compnay is operating hence it will definately give U good return on holding.