Thursday, 4 September 2008

IPOs of the week

This week saw two new listings resurgere and austral coke. Both are glaring examples of manipulation in the listing price and operating the stocks. I think SEBI should wake up and take note of this phenomenon and probe the going on's in these two listings.

JK laxmi cement seems to be a good buy for the long term it is trading lower than its book value and has been adding a lot of brand value. Remember OM Puri talking about "chain ki neend ki guarantee".

bye for now

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