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Jubilant Foodworks IPO subscribed 30.68 times

Current IPOs
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# Aqua Logistics IPO
# NTPC Limited FPO

Markets in coming days

As expected stock market has corrected and might correct more today seeing bad results from ICICI Bank , L&T. Baking and Engineering/Construction space will be affected.

Dollar hardening also has made carry trade difficult which will also reduce inflow.

This is what I wrote last week

"Soon we should see some correction in the market and should avoid playing the dangerous waters of worthless stocks and should probably book some profits and keep money on the table for the opportunities which will arrive after the correction."

This fall should help people to enter in good stocks who missed the recent rally

Hotel-Restaurant Stocks maybe in action this week

Jubilant which operates Domino's pizza has come up with an IPO with a PE around 15.

Other restaurant stocks like Indage Leisure, Sayaji Hotels, Kamath Hotels, Bhagwati Banquets & Hotels etc should see some action on the counter.

Indage Leisure has a current market presence  in the fine/casual dining, high end bars/clubs, Cafe and Bistros.

Kamath runs various kamat hotels and Orchid Hotel

Sayaji has hotels in Gujrat,Indore, pune and runs very successful Barbeque Nation restaurant.

Bhagwati has hotels and clubs in Gujrat and plans to expand in Tier-II cities.