Long back, I had done a study of new IPO listings.
Whenever, listing is well abv the issue price, and it never comes back below the issue price.....majority of those stocks are long term multi baggers
One example - Maruti issue 125, listed 165.....high near 10000.
More from AP
A thread on OI and Options charts for SBI - why it stopped rising at 420 and how one could have identified that.
Why I am talking abt SBI so much?
After the results, almost every brokerage came out with upgrades giving trgts of 500-600-700 on SBI, and it is easy for retail to buy CEs immdly; It might rise later, but the pause in the last 2 days ensured that the CEs fall sharply
For those who missed ithttps://t.co/gb1PpJKQdY
— AP (@ap_pune) May 25, 2021
Why I am talking abt SBI so much?
After the results, almost every brokerage came out with upgrades giving trgts of 500-600-700 on SBI, and it is easy for retail to buy CEs immdly; It might rise later, but the pause in the last 2 days ensured that the CEs fall sharply