@. ARoy Quaintness aside, that is one practical way of shaping indian females without having to reshape one''s wallet too ofren, too much... The idea sure lacks romance but makes a tonne of economic sense in my opinion...
I don''t agree. Any Indian female (for that matter any female) would not agree that she has been reshaped/groomed until she is assured and confident that our wallets are really reshaped downward at least couple of notches....couple of times.......
Unfortunately for us that exactly is the idea of romance for them and whether we agree or not openly.....that is the very reason we keep our wallets inflated.....to nurture this Quaint idea of romance.
Forum suggested u to be cautious then also you went ahead and bought this at a very high price (at this stage).
At this stage recommended course of action will depend your investment time horizon and also your liquidity situation. If you need money in short term...keep looking for a reasonable exit e.g. you may get a chance to exit between 385-395 today itself.
While price discovery is still on, volatility will continue and it may even go down upto close to listing price but in mid to long term you should still be able to get a reasonable return even beyond your buying price.
Did anyone notice that there is self censorship in media in my stocks or stocks views regarding discussing Govt Insurance PSUS as if they dont exist ? #AskCNBCTV18 they took questions on hdfc twice in a day but not a squeak about NIACL 658 n GICRE 794 !!
The whole sector sold out due to increasing taxes on Insurance premium in the proposed amendments in the finance bill !! Small investors and lic policyholders in the twins face a devil and deep sea situation as the stocks are tanking daily
Hm...It must be the bad luck most retail investors are born with...I mean the moment a person evolves into an investors to find these cos by a certain promoter cheap and attractive, the streak of bad luck manifests with a sudden policy change as the punitive entity... Remember RCF and NFL...gas prices were hiked immediately after their OFS...The recent ETF is another example where oil cos were sold even after a policy shift from fossil fuel to electricity.... But then that''s thel kind of amusement the Nation Building excercise creates all the time and even at their own expense, the retail, if they are patriots must participate in it.... right?
While I am also enjoying stellar listing gains of HDFC standard and heaping praise after praise on HDFC brand.....let us not forget another factor which aided its listing price.
The upgrade in India Sovereign rating......
I believe this event has suddenly bumped up overall market sentiments to such an extent that it added at least 5% additional listing gain. So while everyone appreciating HDFC brand, we should not go overboard.........be vigilant guys....it pays...
@amit ... hdfc and hdfc bank have given stellar performance What have govt companies done other than cheat their small investors ? Look at ONGC SCI NTPC Coal India etc then you will know why govt cos get discounted and why hdfc gets a premium
@yazoo, agree, that is my point also, premium listing of hdfc life is due to it''s brand and excellent mananagement. It has nothing to do with Moody''s rating news, otherwise other insurance companies would have been up yesterday after Moody''s upgrade news
First of all, please note I am not comparing SBI Life GIC , NIA with HDFC Standard as I know the HDFC Standard is definitely better.
SBI Life, NIA & GIC were already settled at lower level when HDFC Standard listed and sentiment becomes more important when a stock is not settled yet and is more volatile.
e.g. I invested in HDFC Standard in IPO but did not go for full 2 lac in all of my applications. But improvement in sentiment increased my confidence further and I bought more from the secondary market at the beginning of listing day itself.
I still believe that listing day gains (not @ initial listing price of 310/311) ....would have been lower by at least 5% if ratings upgrade would not have improved sentiments on the day of listing.
Just saw the following article on business-standard.com, which confirms that Moody''s upgrade could have aided the positive listing of HDFC Standard......
Thanks guys, agree your view as the way stock is moving now :)
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November 23, 2017 4:43:07 PM
(1100+ Posts, 1100+ Likes)
IPO - 2017
Makes New all time high today ======================= ------------------------------------- Issue price ------ New High ------- Return % Shankara Buildings ------------- 460.00 --------- 1784.00 ---------- 287.91 Apex Frozen Foods ------------- 175.00 ---------- 621.00 ---------- 254.86 Dixon Technologies ----------- 1766.00 --------- 3218.00 ----------- 82.22 SIS --------------------------------- 815.00 --------- 1070.00 ----------- 31.29
Makes New all time Low today ======================= ---------------------------------------------- Issue price ------ New Low The New India Assurance -------------- 800.00 ----------- 650.20