All the best to infibeam allotees. Remember the golden rule. 1) if it lists in discount then do not take more than 10% loss. 2) if it lists on premium(chances r miniscule but u never know) then keep a strict stop loss of every 5-10 Rs. Means as the price moves up let''s say from 450 to 460 then keep ur stop loss at 450/455. If it further moved to 470 then move ur stop loss to 460/465. This way u will not be in loss. 3) if after listing at premium it starts moving down below issue price n those who ignored point 2 then exit at par. If u don''t then u may need to rule 1.
Read the link. Why Infibeam would be flop as alibaba entering India. Although it does not directly name infibeam but u can safely conclude the same. So on opening day 100% FDI n this article on the eve of its listing r big negative news n this will definatly link in discount.
This is india, Infibeam promoter holding price is Rs.0.36 and public is shelling Rs.432/- for this junk. This stock will see price less than 2 digits in coming times.
HOS:- Rakesh Jz will sell 3,00,000 Shares in Pre open. This may lead to tank below 390 levels. Retailers should not greed much and exit near to the IPO price. Infibeam is now expecting Negative listing which is in line with other IPOs listed this year. It can give bad EHL sentiments.
100% confirmed. Listing in discount. Maybe 390 or 400 n down thereafter. 100% FDI is bad as far as e-commerce companies like infibeam are concerned. Expecting closing below 360.