For amusement, read all the targets set by analysts over the past few months and see how off target they have been. We have gone from meme stocks to meme market over here, so only buzzwords like "electric" and "renewable" matter a lot more than the actual fundamentals.
Indian Stock Market and Mutual Funds
- Thread starter anmolbhard004
- Start date
yes will do
I got the FirstCry IPO allotted, and it listed today at a 40% premium. Should I continue to hold it or sell half and book profit? I’ve put a stop loss at 40% just to be safe, and currently, it’s trading at a 45% premium.
Mr.J
Level H
Everyone's a genius in bull market. I had a colleague scoff at mutual funds because individual stocks are giving better returns.
No one knows better. Institutional investors had mostly stayed away from the IPO because of overvaluation and yet retail investors stepped in. If you think you have got enough profit out of it, then redeem it, and do so without regrets as you are not losing money.
Have the same case with my colleagues. This is their get rich and retire early scheme. They completely ignore me when I tell them to compare the profit from their 200% stock to the profit from their entire portfolio. It is just a confirmation bias that everyone is susceptible to. Heck, I found that I have more money invested in that stock from my MF holdings.
I think OLA is operators gaming for listing gains, it may come down substantially in due time and may stay like that for even more. Possibility of gains after substantial period of holding probably. But, that is my internal permabear thinking 
Mazgaon dock rose up a lot due to momentum in defense sector, once the sector is overheated stock prices will say corrected for sometime. Being a fundamentally strong share, owning that share at lower levels is a long term hold, if for short-term trading purpose selling at good gains and entering later is a better option.
Again, my personal view which go wrong most of the times...
Mazgaon dock rose up a lot due to momentum in defense sector, once the sector is overheated stock prices will say corrected for sometime. Being a fundamentally strong share, owning that share at lower levels is a long term hold, if for short-term trading purpose selling at good gains and entering later is a better option.
Again, my personal view which go wrong most of the times...
kartikoli
Level I
I've invested 50k in Lotus Chocolate at 1946 will exit as soon as it starts showing weakness (weakness means not hitting upper circuit everyday haha) second stock that I have in mind is Marsons but not able to convince myself to go for such volatile stocks in my small portfolio
Pyception
Level D
Any tea on Lotus chocolate apart from 23 consecutive upper circuit . I can understand 7-8 consecutive UC but Man how's this even possibleI've invested 50k in Lotus Chocolate at 1946 will exit as soon as it starts showing weakness (weakness means not hitting upper circuit everyday haha) second stock that I have in mind is Marsons but not able to convince myself to go for such volatile stocks in my small portfolio
kartikoli
Level I
You are right I think promoters are trying to lure common public to invest so they can book profit when they exit. For me I am setting lower circuit stoploss on a daily basis so If I see a downward movement its time to exit.
honest1
Level H
If there willl be lower circuit, how you are going to exit?
@kartikoli
Exiting minimum for the money you invested will be good idea in situations like this.
At least you will have rest of the amount as profit in your hands.
Am trying to sell Akums Drugs & Pharmaceuticals Ltd. shares which I entered after listing for listing gains. Was in >37% profit till 19th, now in 27% profit, but cannot exit as there are not a single buyer in ICICI Direct portal. Should've exited when profit hit 35% which is my general personal target. I've only 10 shares, so not a hard feeling.
Exiting minimum for the money you invested will be good idea in situations like this.
At least you will have rest of the amount as profit in your hands.
Am trying to sell Akums Drugs & Pharmaceuticals Ltd. shares which I entered after listing for listing gains. Was in >37% profit till 19th, now in 27% profit, but cannot exit as there are not a single buyer in ICICI Direct portal. Should've exited when profit hit 35% which is my general personal target. I've only 10 shares, so not a hard feeling.
kartikoli
Level I
You are right, Currently I have 10k profit so its better to exit while I can (zyada lalach accha nahi hai), I don't have much confidence on this stock anyways because this is not normal.
aren't stocks traded at NSE OR BSE regardless of demat ac if there are no buyers then there are no buyers in any demat ac.
I was under the impression that sellers are matched irrespective of the trading platform!!
correct me if wrong.
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Same understanding here, but for last 2-3 days there was not a single buyer nor shares of this company was reported in portal as traded.
Today it's price was fluctuating, but shares were traded at-least.
i confirmed if it hits LC there will be no buyer for it irrespective of demat ac
Even then, being a newly listed company, it is expected to have at least few trades.
Portal was showing no trades happened, which is what I found confusing. Anyways, I sold it in profit, so am fine.