There accumulation happening below 50 levels by operators/ HNI investors. Equity base is only 8.,67 Cr. hence can easily be manipulated. The company has strong business model, Old organization, reasonable valuations & good client list. fundamentals will surely take over and prices will not be at current quoted levels for too long. Very good SME stock from short term ( 2 to 3 quarter perspective) & also for long term.
164. Safe Bet| Link| Bookmark|
April 2, 2023 8:17:27 AM
Top Contributor (500+ Posts, 100+ Likes)
Anyone has any idea why this sudden spurt inlast two sessions ?? Worth to hold for sometime??
In my view, it should happen soon both for ITCON n Resgen and we should see big upward in both these stocks. So far as I understand, there is no stipulated number of days for this, the company has to approach the exchange to allow change in circuit levels.
Maine ITCONS or RESGEN dono me apply kiya tha but RESGEN me hi Allotment mila ITCONS me nahi mila , thank god RESGEN me rs.49 me just after listing sell kar k nikal gya, so save CAPITAL with nominally gain, aab ye bada bada loss dekh lag raha hai accha kiya nikal gaya.
Don't sell any level of price....It is very good company & very positive news for this company... Dilip Davda sir also suggested apply (not may apply)for this company... It is reaching higher than issue price soon.
148.1. SJogi| Link| Bookmark|
March 14, 2023 10:47:51 AM
IPO Mentor (800+ Posts, 800+ Likes)
sold my allotted lot at 50rs today. as it may come down .
148.2. lokes| Link| Bookmark|
March 15, 2023 9:25:56 AM
IPO Guru (4300+ Posts, 5100+ Likes)
@rohan: don't wait for issue price in such cases after analysing trend and demand, and better to sell at whatever price we getting else loss will only increase...sometimes share may not move as per our expectation... I have sold my 1 lot at 50 and 1 lot at 49.2
147. Abhii VPG| Link| Bookmark|
March 14, 2023 12:11:38 AM
IPO Mentor (900+ Posts, 300+ Likes)