MOIL sees Superb Listing, SCI FPO Disappoints – Where to Book

December 15, 2010   ·   0 Comments

MOIL Lists today on NSE & BSE. The Stock had a superb listing & is trading at  540 Rs. Retail got the Stock at 356.25 Rs. After taking 5 % discount which was offered giving 50 % Premium to the Offered Price.

What’s Important: Where to Book MOIL? It is advisable for The people who have got the stock to keep the Position in the Stock & Not to Book it at Current Levels of 550 Rs. I see Stock Can climb to 700-800 Levels in few Trading Sessions.

SCI Shipping Corporation of India slipped below its follow-on-offer (FPO) price of Rs 140 per share. The stock touched an intraday high of Rs. 138 and an intraday low of Rs 135.60. At 11:04 hrs the share was quoting at Rs.135.70, down Rs 3.50, or 2.51%.

 
The issue price of follow-on offer was fixed at the upper end of price band of Rs. 140 per share. The retail portion was allotted shares at Rs. 133 per share; a 5% discount to its follow on offer price of Rs 140 per share.

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Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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