This stock si a gem.As most of the retailers will get out this will all be in strong hands. This would be played by big players and definitely cross 1000 in near term . There will be more demand than supply.Please remember out of 600 crore issue capital and reliance mutual fund already have bought shares worth 189 crore. if the f1nvestor start getting it this stock will zoom. I see this stock start moving in few days as they are waiting for all retailers to get out.
Time frame is four days. However, to predict properly one month data is required. As such, assume that as long as it holds stop-loss of 385, target can be achieved.
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CNK is now fully speculation scrip. Day traders are trying to make a quick buck. Most trades are getting squared off intra day and no serious long term investors are buying. Just look at the stats from NSE
Dear Praks IPO,Todays high of CoxNKings was 438. 108*300=32400.4 full applications*32400=129600.Nice to see you earnings such a Handsome profit.Congrats. Ham Aapka Majak nahi Udayange,Kindly tell Us if U have any info about forthcoming IPOs which would list like CoxNKings so that We can also make 10 applications.
Duds, Sold today 1200 Shares ( 4 Full Application ) & earned profit of Rs. 1,56,000/- // I had prior information of such a huge listing but not shares with you , because Aap sab log mil kar mera majak udate ho.
Thanks Ravi....Yes its getting more n more risky n volatile in CNK...Ideally should wait till January for selling CNK but given the flood of IPO I am wondering whether if the market will tank in Jan...
Didnt apply for DB Corp ....the risk reward ratio is not in favour but I think they will lift the price on listing for sometime....
today's target Rs 405.50. Those who are still holding waiting for 463 better sell now. The initial euphoria is over. What you see is what you get. A bird in hand ....
That is a very ambitious target, it it not Ravi, Bangalore. I would not be too optimistic however will hold on for 1 year + to see better price discovery to happen.
In case if your prediction comes true, will for sure make a lot of money on this. :-)
@Ravi, Bangalore: few days ago your technical level analysis on CNK was excellent, just missed out selling at 463 today I had put it for 465. I shouldnt have been that precise or greedy I guess. :)
Time-frame two days ...wow...thats a fast run up... anyway thanks got an idea of the support ,resistance,Stop loss levels... maybe it will take some more weeks to getting to 475-500 levels after the supply gets over, will watch and see...so I guess investors can book partial profits around 475 and re-enter at lower levels...
Considering its Maharaja Luxury Train story, I have calculated its target as 475 for medium-term. However, in case it gives consistent good results for 2-3 quarters, strong financial performance could propel the stock to Rs.886.
In December 2008 the company formed a joint venture with IRCTC, Royale Indian Rail Tours Limited, to operate a luxury train to be called Maharajas' Express. This train is currently under manufacturing and is scheduled to commence operations in January 2010. The train will carry nearly 100 passengers in 23 passenger coaches and will have two bars and two restaurants. It will have an ultra modern kitchen and a boutique. The train is expected to operate from September to April, making it a total of 16 journeys per annum.
Dear Freinds, Dont sell this stock. In my View, retail supply will be over in next Couple of days, this will shoot up to 490/-.495/- will be stiff resistance.Also Comparing with Thomas still this stock is undervalued stock. Two major event 1ST. IRCTC Joint Venture with COx & Kings for Maharaja Express Train to be launcehd on 9.1.2010 & Quaterly Results in 3rd Week of Jan - 2010.Wait till then & see the difference.