Hi Friends
As expected -
MCX got listed on BSE and NSE (under special trading security) at Rs.1387, 34 % premium over the issued price of Rs. 1032.
MCX was expected to get list around 1200 whereas listing price was far much higher than anticipation.
The Investors who were looking for listing gain should book profit and people who has invested for long term can wait for prices of Rs.1500 to Rs.1600 in a six months from now. People who were not able to get the allotment can enter the stock but only at levels of Rs.1225 to Rs.1250 where it can be bought for long term gains.
Your Friend
Bhavikk Shah
http://bhavikkshah.blogspot.
-----------------------------------------------------------------------------------------------------------------
As expected -
MCX got listed on BSE and NSE (under special trading security) at Rs.1387, 34 % premium over the issued price of Rs. 1032.
MCX was expected to get list around 1200 whereas listing price was far much higher than anticipation.
The Investors who were looking for listing gain should book profit and people who has invested for long term can wait for prices of Rs.1500 to Rs.1600 in a six months from now. People who were not able to get the allotment can enter the stock but only at levels of Rs.1225 to Rs.1250 where it can be bought for long term gains.
Your Friend
Bhavikk Shah
http://bhavikkshah.blogspot.
-----------------------------------------------------------------------------------------------------------------
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