Yup, dismal numbers..... Fortunately I sold my allotment at 475 (684 shares) ....but kept 100 shares for long-term ..... Monday will be mayhem for this counter.
How can you say that stock is falling crazy? It's 25% above listing price and 90% above overall. Just corrected 10% of ATH it's normal If you have appetite to hold for 2-3qtrs than it can give you handsome profit from here But if you are short term investor for listing gains than sell it
The interest shown by qib was not shown on actual listing day.
500. BullsEyee| Link| Bookmark|
July 13, 2023 12:46:30 AM
IPO Guru (1000+ Posts, 700+ Likes)
sari public shni mein aagai
499. ipobull| Link| Bookmark|
July 12, 2023 12:28:53 PM
IPO Guru (1000+ Posts, 1000+ Likes)
The valuation parameter of the stock has sky rocketed beyond its fundamentals. Just exit at current levels. It will not sustain. At least, there will be considerable fall after results are declared. Too much hype. With semiconductor chip shortage in India, these valuations do not justify.
499.1. CB🤗| Link| Bookmark|
July 18, 2023 12:10:19 AM
IPO Mentor (1300+ Posts, 400+ Likes)
Seems it is going to repeat Kaynes story. It appears even 100PE is attractive to investors in this domain due to future prospects. I had exited in hope to catch at lower levels but market sentiments for this sector is too bullish. Chances of touching 1k by December is high Despite this feeling I will not jump due to high PE an curtailed risk level. Learnt hard last FY with only 100rs STG with 15k charges.
Sold all 784 (BHNI allotment) @498 average price. Fundamentally looking overpriced at current valuation. Will buy again in 400-450 range for long term as the company is fundamentally strong.
496. BullsEyee| Link| Bookmark|
July 12, 2023 12:11:18 AM
IPO Guru (1000+ Posts, 700+ Likes)
Aa mota bhai nu Share Che
495. ipobull| Link| Bookmark|
July 11, 2023 2:26:10 PM
IPO Guru (1000+ Posts, 1000+ Likes)
Read the following. you should find it interesting.
495.1. UjwalG| Link| Bookmark|
July 11, 2023 6:48:13 PM
IPO Guru (1000+ Posts, 500+ Likes)
@ipobull you are right RIL is laggard, doesnt move up but it also doesnt move down. It provides stability to the pf. Not only RIL but every large cap in respective sector is same like hdfcbank etc. I beleive these stock can only make you rich if you have a large enough quantity and only in the long term otherwise shorterms and small quantities doesnt makes sense here. And comparing with PCJ is not right, bull market main sab stocks baap hote hain bear market main kitna girte hain that is more important i think.
495.2. ipobull| Link| Bookmark|
July 11, 2023 10:05:32 PM
IPO Guru (1000+ Posts, 1000+ Likes)
@UjjwalG If you want to be safer, then FD is a better option. The thing is that how many years one can wait to make money. For not losing, there is always Stop loss option in trading sites
Yesterday I haven't sold any share. Today started selling at 440 in a bunch of 100 shares. Avg price 475 for 684 shares.... Still 100 shares remaining.
491. Sharvam| Link| Bookmark|
July 11, 2023 11:40:14 AM
IPO Mentor (900+ Posts, 700+ Likes)
I am no expert but reasons are as under: Point 1. The issue was subscribed 50 times appx. So, the allocation ratio was 1:8. Also, a minimum of 4 applications were required in each lot category to be eligible for lottery. Therefore all the lots having applications less than four got nothing (didn't participate in lottery). So, as this is only sample, there may be many more higher lots who wouldn't have got anything. Point 2. It appears to be a typo error. I think it could be one additional share. I may be wrong. Because it's all lottery in BHNI specially in such a hy subscribed IPO.