Well,i dont know much about what exactly is the procedure followed in INDIA for the issuance of an IPO,but @NYSE/NASDAQ going for an IPO blindly makes no sense !!! Retail traders like u & me are not the target investors for IB's that underwrite these IPO's.
Even during red herring's/dog & pony show only Institutional investors are primarily targeted.These underwriters,even before the stock is traded on the exchange,sell a major chunk of stocks to their fav. insti client and finally when u get to participate in IPO,the Price level is way above the Intrinsic value of that stock......
Its like Malai institutional investors maar le gaye aur apne khate me aaya paani wala doodh !!!!! :)
Though not sure what exactly is the procedure in INDIA.Check the SEBI website...things might get clear then ....!!!
Correct. US markets do not have the concept of "Retail Investor" or any reservation for retail segment. This concept is unique to Indian and a few other markets where we have "upto 2 lakh" investment categorized as Retail Investment. The total reservation for the retail segment is also as per ICDR guidelines.
In US we have the "Bulk format" which is wholly online and very fast listing (T+1) UK and EU are not far behind with T+7 btw India is also fast approaching T+7
Unlike India, where firm underwriting in not there, US has a "Sponsor" concept with "buy and sell" operation to HNW and institutional investors (and this happens so quick that the issue is listed the next day that it opens. Generally it is sold / committed even before it is opens!
Bottomline is that IPO is a high-voltage game in US and most "retail" people end up participating only in the secondary market.
Well,i dont know much about what exactly is the procedure followed in INDIA for the issuance of an IPO,but @NYSE/NASDAQ going for an IPO blindly makes no sense !!! Retail traders like u & me are not the target investors for IB's that underwrite these IPO's.
Even during red herring's/dog & pony show only Institutional investors are primarily targeted.These underwriters,even before the stock is traded on the exchange,sell a major chunk of stocks to their fav. insti client and finally when u get to participate in IPO,the Price level is way above the Intrinsic value of that stock......
Its like Malai institutional investors maar le gaye aur apne khate me aaya paani wala doodh !!!!! :)
Though not sure what exactly is the procedure in INDIA.Check the SEBI website...things might get clear then ....!!!
FOMC Meet on 24 & 25 April Always have seen some extreme reactions after the meet. In Sep , when they announced Operation Twist, the markets fell heavily for a week or so. This January when they assured about low interest rates till 2014, markets rallied continuously for 10-12 days. Lets see whats in the store this time. If any indications of QE 3, markets will rally like anything.
P.S. TCS posted much better result compared to infy So the hedge funds gonna play "Long TCS , Short Infy" Pair now 😛 TCS up 9% in single day.
I think infy is down by 80 to a level of 2270 and is predicted to go down further to the level of 2170 ..
But i would wait till april end still to make a move .. for intraday its surely is a short call
Coorect, even now market has gained a small momentum, but still there are a lot of candidates for short sell.....
IT Sector is booming today with CNX IT climbing..... HCL Tech & TCS (on result reaction) are on a bullish trend.... In midcap Space KPIT Cummins & Hexaware, alongwith Polaris r a gud buy.....
In Infy, Airtel, BHEL like stocks, which are a key Constituent & significant name in their respective sectors, still a 5-10%downside can be expected from current levels....
Telecom as a sector shd be avoided for the time being & Cement Space is also bleeding as CCI Impact is being underpriced & hence facing huge selling pressure....
Poople lost money in majority of the IPO's that were issued last year!..be very very careful while investing in it..invest only if its real good..something as good as GCMMF(Gujarat Co-operative Milk Marketing Federation Ltd)...i dont know why ..but i feel it shud come out with its IPO..mann!!..what a brand it has got in the form of AMUL..
The infy stock dumped so the call i bought yesterday at 20 was bleeding money.. but it came back and I sold it at 32... Infy seems to be in a range and will be making up ticks and down ticks in this range only.
1)its trading at 52week low of Rs.233. 2)At P/E of 10 , the stock looks attractive. 3) robust growth, 85% increase Y-o-Y in PAT 4)Negliible debt. 5)Top mutual funds like HDFC growth fund, IDFC premier equity holding the stock.
For Sure, Biocon is a good buy in Pharma in Midcap space.... Deserving reasons have already been mentioned by u...
To add from my end, it can be:
1. Networth has continuosly been increasing on an YOY Basis.. 2. Total Sales Turnover & hence Income & PAT has been on an increase in sustainance on an YOY basis... 3. Dividend Yield is also good... 4. Net Profit Margins (NPM) have been on a good run on an YOY basis...
All these facts make it a luring buy & a must in 1's Portfolio....
It can be a Cipla of FY12 in FY13...
Also, recently they have opened a research centre at Bangalore... Results are to be declared tommorow...
S&P; Downgrades India's Outlook to BBB-,last in the Investment Grade...
Street reacts very sharply Initially, as CAD, slower Economic Growth, Depreciation in Rupee, Paralysis on Reforms end from Govt & to add the GAAR Uncertainity, all makes an Investor skeptical to put their Capital in Dalal Street (especially FII's)....
Later market after stumbling to a deep cut of nearly 200 odd points at Sensex & breaking the Psychological support of 5200 at Nifty with huge Volumes, recovered a lot & digested the news well, as it is S&P; only which downgraded the US economy some time back & after that Dow & S&P; have been performing extremely well & both the US Indices have been the best performers of FY12 Globally.....
Hope this becomes true for India as well, after all this saga of today...
S&P; Downgrades India's Outlook to BBB-,last in the Investment Grade...
Street reacts very sharply Initially, as CAD, slower Economic Growth, Depreciation in Rupee, Paralysis on Reforms end from Govt & to add the GAAR Uncertainity, all makes an Investor skeptical to put their Capital in Dalal Street (especially FII's)....
Later market after stumbling to a deep cut of nearly 200 odd points at Sensex & breaking the Psychological support of 5200 at Nifty with huge Volumes, recovered a lot & digested the news well, as it is S&P; only which downgraded the US economy some time back & after that Dow & S&P; have been performing extremely well & both the US Indices have been the best performers of FY12 Globally.....
Hope this becomes true for India as well, after all this saga of today...
Nobody takes S&P; seriously.. Last time S7P downgraded India, moody gave a totally opposite rating...
Fundoo Professor Read this blog of Sanjay bakshi a professor of MDI gurgaon for behavioural finance you can download his slides. Read about Charlie munger and Taleb
The dominance of the rating agencies a.k.a ECAIs is coming to a slow death. Basel III will be insisting on "not-so-reliance" on these agencies and alternate measures will have to be devised. The coming 6-7 years (till 2018 ) will define the path that these agencies will take.
Whether it is S&P; or Moody's or Fitch or blah blah, they have to really redefine their own responsibilities and go for a makeover to stay in long term business.
keeler.drummer Says
Nobody takes S&P; seriously.. Last time S7P downgraded India, moody gave a totally opposite rating...
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