GSS America Infotech ALLOTMENT STATUS

GSS America Infotech ALLOTMENT OUT
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Recent Listings TULSI, IRB, ONMOBILE and MANJUSHREE

As adviced TULSI some more down and settled at 108 (Down 3.55% or Rs. 4)
IRB also lost 5.7% to close at 193.55 in the line with volatile markets
ONMOBILE going very strong and ended the volatile budget day with around 3% gains at 632.45 after hitting all time high of 652.
MANJUSHREE EXTRUSION listed on BSE (Code 532950) listed well on 28th Feb but fails to sustain at these levels and closed down around 10% at 47.65 just 2.65 away from its IPO price of 45. Its good to make an exit from this one.

TULSI down again IRB going strong

Tulsi Extrusion as expected drifting down. Today stock closed some 4% down. It is better to book profits even now.

On the other hand IRB INFRA is going strong after dismal performance initially. Strong as I said in my earlier posts is definitely going to hit short term target of 225+ very soon.

Another strong listing ONMOBILE is also going strong and likely to hit 750+ in coming week provided budget does not spoil the party.

Tulsi Down as expected

In my last post about TULSI yesterday I said to book profits at higher levels and proved my self right. TULSI was down even when markets were up. As expected stock closed down around 16% to yesterday's close.
Those who could book profits today may book tommorrow as more pain to come for TULSI

Tulsi Extrusion Speculative Debut

Other listing on Monday apart from big listing of IRB was TULSI and TULSI rocked. After listing at around 17% up at 99 against offer price of 85 stock just moved up up and up. It Closed the first day with 65.70% premium stock opened up today at 148.90 and closed down at 138.75 still above around 64% to its offer price.

In our opinion stock is moving on speculative activities and its better to book profits at these levels.

IRB Struggling Post Listing

IRB Infrastructure struggled after listing at some 10+ on NSE at 194.90 above its issue price of 185 but dragged down to 168 but managed to close above offer price on listing day but could not sustain on next day i.e. today and closed marginally below at 184.90 against offer price of 185.

My advice to investors is to hold IRB and also Buy on dips for a short term target of 225+

REC Final Oversubscription Figures

Rural Electrification Corporation Limited - Bid detailsCategory - No. of Shares reserved - No. of Shares bid for - Oversubscription Times
QIB - 9,13,30,200 - 3,58,97,07,840 - 39.0347 Times
NII - 1,52,21,700 - 41,28,00,360 - 27.1192 Times
Retail - 4,56,65,100 - 35,06,56,620 - 7.6789 Times
Employee - 39,03,000 - 36,72,960 - 0.9411 Times
Overall - 15,61,20,000 - 4,35,68,37,780 - 27.9070