investors are CHEATED? WHAT IS THE REASON FOR CONTINUEOUS FALL? COMPANY MANAGEMENT SHOULD DO NEEDFUL FOR INVESTORS. SEPTEMBER QUARTER RESULT? COMPANY IS SUPPLYING GOODS TO VALUABLE CLIENTS. RESULTS WERE GOOD. THOUGH SHARE PRICE IS GOING DOWN AND DOWN. THE REPUTATION OF COMPANY PROMOTER IS NOT GOOD?
Book the loss, as the company is not so good, it is better to book loss and exit and invest in new company. Only the luree like small investor can buy and promoter and mark to mark (Sole leader) can run away.
This Stock will fall upto 30 , thereafter full chances to swing from 30 to 45(at that time book profit ) and sit and enjoy the party, if risk adverter than make 40 as stop loss
This script is really good and short term target would be Rs.60. Some of my positive observations : I. Objects of the Issue is to expand the capacity thereby enhance the profitability II. Preopening was seen at Rs.50 but not sustained due to external market conditions III. Assets base and profitability is really good and especially Q1 numbers are excellent and that shows they are catching up after COVID IV. Traded volume is good at opening day (600K) and that shows most of them are buying. I''m also anticipated similar kind of approach for Prevest and targeted at Rs.300.
If you want to book some profit and invest some good IPO, you may do but I don''t think so we have very good mainboard IPOs and valuation also so expensive and we can''t get much return and even we money e.g. Aditya AMC, Aptus, and Cartrade. Choose right option.
When you are trading in stock market we should have patience. Think before you apply ipo or buy any stock and what is your target price and how much risk you want to take. Company financials are good and they are going for expansion not offer for sale. If you have patience please otherwise book some loss exit.
100.1. lokes| Link| Bookmark|
October 22, 2021 11:28:37 AM
IPO Guru (4300+ Posts, 5100+ Likes)
@MRavi: you sold or will hold this one also for little long time ?
And did you sold markolines, jainam ? they are performing very bad....i sold markolines in loss at 70 and jainam also i will sell today around 69.5-70.... bombay metrics also i sold today.....what about you ?
100.2. G J 😃| Link| Bookmark|
October 22, 2021 11:44:15 AM
IPO Mentor (1600+ Posts, 400+ Likes)
@lokes,
If you can answer, Why you are selling Bombay Metrics? Jainam and Markolines, can understand, but why Bombay?
100.3. lokes| Link| Bookmark|
October 22, 2021 11:53:09 AM
IPO Guru (4300+ Posts, 5100+ Likes)
@GJ: just want to book profit in bombay metrics so sold.....since already it had lot of continuous upper circuits and in between around 119 had too much volumes so many weak hands were out then. Now today volume started increasing again so i thought tomorrow circuit may open and 150 price looks reasonable for this stock so dont want to take more risk, this much profit is enough.....and i need funds also for upcoming ipos so selling all allotted smes....
100.4. G J 😃| Link| Bookmark|
October 22, 2021 12:22:14 PM
IPO Mentor (1600+ Posts, 400+ Likes)
@lokes, ok, understood.
Still I feel, this one should be hold for long term if you were able to get it at lower price. Anyways, money is also a constraint for some of us.
100.5. lokes| Link| Bookmark|
October 22, 2021 12:28:26 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@GJ : if you think so and are convinced for this price and above, then you could have tried to buy it on 18th oct also, it was easily available at 119 and lower price then :) since as we discussed last time, you tried till 14th oct...
@Lokes, I am holding all including this. will wait for some more days/weeks and take a call.
thanks
100.7. lokes| Link| Bookmark|
October 22, 2021 12:39:55 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@Mravi: thanks for info. your promax and venkatesh also doing good.... venkatesh even i wanted to apply as per company financials and business, but since it was initial days in sme for me then so i was not having much experience and didn''t applied after average subscription.
prevest is in normal trading from days after coming little down from 52 week high and BEW now in LC from 2 days...
i am not able to understand markolines and jainam, why they both performed so bad. Jainam had so many bulk deals recently and even today huge buying orders pending but at lower prices like 68/67 , markolines also had bulk deal at 72 on 19th but still going down daily. atleast i dont have that much risk taking capacity and needing funds also so i sold all of them today.
100.8. G J 😃| Link| Bookmark|
October 22, 2021 12:42:24 PM
IPO Mentor (1600+ Posts, 400+ Likes)
@lokes, 1st, I was travelling/driving on 18th whole day, till 19th morning with family trip to Rajasthan, didn''t want to think about market and everything, so not thought about it. 2nd, I had money for 1 lot only for Bombay that too till 108 price, couldn''t enter after that price was crossed. Rest of my money was blocked with DK, still 1 lot is stuck with Axis Bank, not sure when they will release.
So just shared my thought about stock being good, not saying one should enter at higher prices because in that case cushion will be less.
100.9. lokes| Link| Bookmark|
October 22, 2021 12:49:15 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@GJ: ya fine...hmm money is also a thing but i just said since 119 is also better price if we think it can go more than 150....anyways as you informed you were traveling and money so its understood.... and for me funds were unblocked on 20th itself in both asba and upi applications in dk, no idea how still blocked for you, its bad thing since we cant use money... in kotyark also, if money not refunded in time for you then it will be problem in nykaa ipo so u can try with different bank asba if possible in kotyark
100.10. G J 😃| Link| Bookmark|
October 22, 2021 1:03:49 PM
IPO Mentor (1600+ Posts, 400+ Likes)
@lokes, Yes, I am also worried about that Nykaa part now if same thing happens again. Let''s see this time will use HDFC first then Axis (it is 2nd priority now).
@GJ. Rajasthan worth watching.. do visit jodhpur. My hometown.
100.12. G J 😃| Link| Bookmark|
October 23, 2021 11:33:10 PM
IPO Mentor (1600+ Posts, 400+ Likes)
@Noorul, Yes, actually was worth it. We visited Udaipur, Mount Abu, Jaipur and some other places too. Roads are awesome for driving, specially National highways are really great, compared to what we have in MP.
Me too thinking same of holding for today & it seems that anyhow it will manage to close at upper side. Lets See as volume are also good.
97.6. lokes| Link| Bookmark|
October 22, 2021 11:42:31 AM
IPO Guru (4300+ Posts, 5100+ Likes)
hi amit....i sold this at 43.45 since midcap and smallcap index reversed and going down now today....and also i got disappointed in markolines and jainam and booked 12K loss in markolines so to compensate that i booked profit in DK now without taking further risk.
Good decision lokes. Now you are out of SME stock. Best of luck for next target.
97.8. lokes| Link| Bookmark|
October 22, 2021 12:05:32 PM
IPO Guru (4300+ Posts, 5100+ Likes)
thanks dinesh....ya now next target is kotyark, hopefully you will also apply there. BTW now you might be convinced that only LM will not have so much of impact on listing ;) :)
97.10. Amit Jaipur| Link| Bookmark|
October 22, 2021 12:17:25 PM
IPO Guru (1400+ Posts, 1400+ Likes)
It seems lokes sir you have set the benchmark of 43.45 which seems to be unbreakable for today now.
97.11. lokes| Link| Bookmark|
October 22, 2021 12:28:43 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@amit: anything can happen :) once it came at 43.5 also after i sold. 3 more hours left now but upper circuit chances are less now since too many sell orders before that, more than buy orders....but it can hover around 42 to 43.8 today i think.... you can sell or hold as you wish.....as per your risk and funds needing or not etc
@lokes: yes I will apply in Kotyark since it is fancy sector. But chances of allotment is very tough. Expected HNI subscription is more than 25times.
97.13. Amit Jaipur| Link| Bookmark|
October 22, 2021 12:41:36 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Yes Sir I am too testing my patience that how much calm & quiet i can be because once we sell any stock than it is not possible for my type of persons to buy it again. Sold means gone. closed forever.
97.14. lokes| Link| Bookmark|
October 22, 2021 1:00:15 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@amit: ya i can understand since you sold bombay around 119 , that was too early as per current price, anyways i also sold that today (and who knows may be i also sold early) but its good to book some profits instead of regretting later like in markolines and jainam it happened with me. Also everyone has different risk taking capacity and funds arrangement, so as per these two things, everyone should consider holding or selling.
yes sir that is very true as i am also still holding markolines & wanted to exit at 80 but our greed n luck didnt allowed & now it seems that it will be sold at huge loss.
Get 1.. @ avenue lucky or unlucky will b decide on listing day.. its sme its behave very different than mainboard..
94.6. lokes| Link| Bookmark|
October 19, 2021 12:56:10 PM
IPO Guru (4300+ Posts, 5100+ Likes)
@noorul: yes sme''s are risky but here looking at subscription and company profile, probably it will list with premium, very less chances of discount listing... i feel it will list with 5 to 10% premium around minimum.
94.7. G J 😃| Link| Bookmark|
October 19, 2021 1:55:25 PM
IPO Mentor (1600+ Posts, 400+ Likes)
@lokesh. In Bombay matrics I apply 14 application with diff pan and demate acc. Got allotted 1 allotment. Preven denpro I Aply 23 retail applications but not allotted.In D K.enterp. apply 13 application s but see some comments on site I withdraw my 12 applications. Only one remain and got allotted one.