217.1. ipo share| Link| Bookmark|
August 11, 2023 3:07:56 PM
IPO Guru (1500+ Posts, 700+ Likes)
@MRavichandran All the best Sir. From where do you get so much courage? You are a class apart, no comparison possible. Can you please explain the rationale behind your action Sir? I mean to say where do you see this stock going, being almost tripple already on listing itself. Thanks and Regards for 👍🙏
@MRavichandran Sir it is my humble request , I alloted spectrum talent management ipo, I am holding ipo lot at present also, my time horizon is 2 years, is it worth to hold this stock at present I am on huge loss, please sir, your guidance regarding this stock
@ashvini sharma I am holding nearly 1 L shares. The company is good and sector has the potential for growth. if its 2 years, it will give decent profit, in my opinion. I will be holding for at least next 2 results.
@ipo share@Mittal p Thanks for the kind words. Though listing was a bit higher than my expectation, I went for buying in long term prospective, especially due to solar sector.
Disclosure: i have high risk appetite and long term holding capacity, may not be suitable for normal investors.
@MRavichandran Sir after seeing and reading your comment just few moments back I think I had also made a right decision to buy Spectrum today already for long term, I also studied about the company read the concall seems the company is with good fundamentals. I think the issue the price are not moving is due to fact they said they will close there Mobile Export and just focus on HR (which is good) but in balance sheet it will be -264 Cr less but you are right in next results if there HR business booms then it share price also booms.
There is no point of buying at this level or any share after 100% of premium. Earlier it is fine since even after there used to be a good movements even after 100% . But now it is evident that all biggies are dropping the shares looking at the first day volume of the recent IPO's . Only retailers are getting trapped thinking that it will go high. The scenario is
IPO retail allotees will drop shares slowly and those who have purchased for short term gain also will book loss and the price will fall down. This is the reason like smart buyers like Ravichandran etc is not entering in to this
Thanks Mr. @MRavichandran for your reply. Your reply itself is valuable. I didnt see your msg and thought you have not entered in this since normally you used to avoid these kind of listings shares.
Also even I used to follow you, and used to buy shares once you buy. Means 1 lot :)Cant take risk since I am a small buyer. It may go up to 500% as well
OFF topic: Essen is announcing the results on 14th , any predictions sir ? How is the company
@mravichandran Sir, Essen Speciality Films Limited results is good and net profit is almost doubled compared to last same quarter. Hope it will fly from now on....
I was allotted 1 lot but not showing in holdings in yes securities account. They have issue with SME IPO allotments. Would have some @302. Now fear of continuous LC
Hello Sir, Kya ye itna quickly sale ho jaata hai? cause Maine suna hai Buyers bahut kam hote hain isliye. Aapka guidance mujhe help karega, kyonki main yahan par naya hun
210. ManishDwiv| Link| Bookmark|
August 11, 2023 10:58:18 AM
Top Contributor (500+ Posts, 200+ Likes)
Added 1 lot at 298..will buy 1 more lot if dipped below 250 in future.
209. GuruMahadev| Link| Bookmark|
August 11, 2023 10:51:10 AM
Top Contributor (200+ Posts, 100+ Likes)
HNI+Retail= 24lk shares. Till now 21lk+ hand changes..... Showing shift from weak hands to strong hands.... If one can wait can get good return....
206.1. Logij Kumar| Link| Bookmark|
August 11, 2023 10:24:44 AM
Top Contributor (300+ Posts, 100+ Likes)
May your hypothesis be true! However in the past it has been seen that with 1.5- 2.5X, it's HNIs and QIB who sells first then retailers. They then reenter after major correction, if company is genuine and good and juice left for future. All the best for this script. My observation only, may not be true.
@LogijKumar....yes you may be right. Let's wait for EOD to see bulk deal data ..that may throw some light...and we can conclude some solid .. This type of high volume was quite relative in Shri Tech tex case...and Taparia family entered the counter...