USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
UTTAM VALUE STEELS, ADANI POWER LTD, RELIANCE COMM LTD, JAIPRAKASH ASSOCIA, SUZLON ENERGY LTD, TV18 BROADCAST LTD
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All Set or a major Upmove
Lot of supply from retail IPO crowd around 418
Next Stop 428
Now above the IPO price of 180
Small float with a total market Cap of only Rs220 crore on a Rs12 crore profit.
Good Brand name name and as soon as the retail selling is over, it could double from here to a Mcap of Rs450 cr.
Selling to come from Retail IPO subscribers at Rs 418 and then from HNI's at 428.
However the stage is set for a massive upmove.
A Rs 7700 crore Mcap stock with 490cr profit (FY 17) and likely 500cr profit (FY18)
Oversold. Short term Buy TP Rs 220
Channel trading 372 - 410 since a bad IPO listing
However now with shares in stronger hands, it should see a steady rise.
The GReeN bars on the first day of trade and yesterday (16th Apr) is a Bullish Belthold.
418 and 428 would see some selling as those are the IPO prices (for Retail and Others respectively)
Fundamentally too very strong.