The accumulation in this scrip is going on. Once Weak hands exit, price start moving upwards. It might also go below issue price to take out shares from slightly stronger hands during one two week. . After that, It will rise by leaps and bounds.
Weak hands are exiting the stock. Hold for 3 months and this stock will surely double. Hold for long term and this is a multibagger. Sellers are doing a big mistake here.
Most likely you can get this share at issue price or even lower from the market on Monday, the listing day, because the initial movement depends on the subscription figures and analysts ratings. Most analysts have given avoid or neutral rating. Analysts have failed to notice the intrinsic strength of this debt free and cash rich realty Company from a great and successful promoter. It is hard to find safe SMEs like this. Hold for a while and this stock will easily double.
The ideal price on most conservative comparison for this company is Rs. 124/- per share. Rs. in crore Company Name Networth FV EPS CMP P/E B.V (`) PBV RONW (%) MCAP (cr)