This Block was highly manipulated and still many are saying to buy...Useless issue... as the sector is very slow moving and issue was heavily priced.. I warned in all my previous messages..
Exit...the fair price is far below at around 240-250/-... infact 200/ is not a deal in bear market.. Once GST will be out, this is the issue which will be affected most.. as new tax rate 22-24% will be imposed rather then 15% current service tax... Also this is life Insurance where people trust LIC most in compare to ICICI or any other private group...
1361. Haar Jeet| Link| Bookmark|
September 29, 2016 11:01:58 AM
Top Contributor (300+ Posts, 200+ Likes)
Applied 5
3 kostak@800 2 in hand
Not going to sale in below issue price at all
Also feel price band may 300-320 is better But unfortunately it was not on board
worst IPO amoung all listed this year... small size ipo gave return of 50% and big promoter trapped investor... junk management if they do like that... stock will go 250 soon.
Wait hold its just a selling pressure, as all the retailers are allotted shares and every retailer wants listing gain, hence its just a selling pressure.
Don''t be PANIC, just wait for 3-4 days.
We just need to take one risk, coz nuksan ni sathe thodu nuksan vadhare, but profit na changes bau chhe.