KSK reported PBT of 130Cr, out of which other income was118cr (sale of shares). So actual PBT was around 12Cr. ~Actual PAT 8-10 cr., Mkt. cap=6600 Cr (at today’s close price of Rs.191.),PE works out to be 6600cr. / 10cr. = 660 times. Even if KSK shows same profit in the current year PAT=108 cr. ( how it will make this profit ?) than also PE at present price works out to be 65 times. Tata power is available PE= 21 times, Reliance energy (now infra) and NTPC is available at PE of 17 times. Even if you consider Price/Book valuation at present price KSK is trading 80 to 100% higher as compare to Reliance infra, tata power or NTPC etc. KSK below Rs.100 price will bring it as par with other listed bigger players in terms of Price to book multiple and around Rs.65 it will trade in terms of PE multiple. It may not see this prices, but this is fundamental story. Who knows ? another correction in mkt. might well bring this stock to trade as per it’s peers.
after seeing a poor subscription in retail category, the GMP went in discount long back and everyone knows that this ipo will list in discount only. It's not a big thing to predict that this ipo will list in discount as the GMP was in Discount for almost 20 days.
also please dont worry as i feel that this ipo will bounce back to the issue price or atleast to 225-230 within a shorter period provided the market should not break critical support levels. fundamentals of this company is not bad such as NIRAJ CEMENTS. so the stock will not fall to a very bad price. but if possible try to accumulate this stock when it touches lower levels..!
No yaar vishy,i have still held the stock.I do not have the strength of withstanding back to back losses,let us see.I have also a big amount trapped in it yaar.Really its our bad luck that this also listed in discount.
dearVISHY,i m realy feeling very bad about listing of KSK and your loss.one of grey mkt operator have bought 11 appli. @1500/- per appli.he is also trapped.really feeling very sorry for your loss.
hey Vishy, even i m not able to allocate shares... this icicidirect fools are also not picking up the phone... neways... it makes not difference... :(.... who will sell the shares at 12K loss...
Short seller will be trapped in this counter. Please buy after 5 minutes of the opening and hold it till the market close. Bull will definitely get reward on the listing day.