As suggested on 16th January to subscribe to Jubilant IPO, the listing has rocked and stock gained 65% on listing and is 10% up again today.
Anchor investor has bought additional stake on listing and counter witnessed huge buying interest.
Hope the PSU IPOs and FPOs get a good response after lack luster response to NTPC. bad response can be attributed to weak market conditions and operators trying to beat the stock.
NTPC at this price seems to be a low risk even though it goes below FPO price. 10-15% annual gains are easily expected.
Infinite computers also good positive listing , Adani power which was priced at Rs 100 is also above the IPO price at 110 currently with 10% return.
Moser Baer at current price look attractive and GMR infra around Rs 50 or lower seems to be a good bet. It has lot of annuity and toll projects which will provide cash flow for next 20-30 years.
Lot to look out in the next few weeks. Rail Budget, General Budget, interest rate, food inflation and oil prices etc.
News from european/american markets is not too positive and tilting towards negative so next trigger has to come from internally to take the market to the intermediate high so I think in February market seem to be going no where overall with usual ups and downs with overall flatish so we can consider it as a traders markets and not investors for atleast this month till we get cues towards some direction.
Tuesday, February 9, 2010
Jubilant Food's IPO Listing Rocked
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MARKET TODAY
Key benchmark indices are likely to open higher due to positive Asian markets. Wall Street lost ground yesterday as the markets saw subdued reaction to comments from Federal Reserve Chairman Ben Bernanke on an exit strategy from a massive stimulus and weighed prospects for a bailout of Greece. Asian stock markets traded mostly higher, despite modest losses on Wall Street as investors mulled a possible bailout of Greece and the Fed's exit strategy. Meanwhile, the government will today unveil data on some wholesale price indices for the year through 30 January 2010 viz. the food price index, the primary articles index and the fuel price index. However, volatility will remain high as investor sentiment still remains cautious.
According to data released by the NSE, in the last session, FIIs were net buyers of index futures to the tune of Rs 879.31 crore, while they sold index options worth Rs 142.44 crore. They were net buyers of stock futures to the tune of Rs 306.62 crore, while they sold stock options worth Rs 2.18 crore.
More details http://www.16anna.com
the article is good, but wrong thing is leaving it without updates
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