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Posts Tagged ‘NTPC’

Power Grid IPO listing- PFC, PTC flare up

Thursday, October 4, 2007 5 comments

Tomorrow is the listing of one of the most awaited IPOs on Indian markets- Power Grid Corporation of India.Now the bigger question is how to play it?

Smart traders have already started to play it by buying PFC ,PTC and NTPC. Even I had recommended buying these stocks(PFC, PTC and NTPC) when I had discussed this IPO . I have been listening with amusement how fundamental guys have suddenly started to view ‘NTPC ” as a great stock ( Potential of building Nuclear power plants!!!). I can clearly see how smart money is entering these stocks to make a quick buck!Tomorrow might see another rally in these stocks.

As far as Power grid is concerned, the best way to play it might be to ride the momentum in the short term. If you plan to buy for long term then you should enter after the volatility in the stock comes down or enter after analysts start saying that it is “expensive”. As there was huge demand for the stock, the stock can land anywhere after listing.I personally expect atleast 80+ listing price.

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Categories: Market View Tags: , ,

Power Grid IPO demand at $47 billion

Thursday, September 13, 2007 10 comments

Power grid IPO has been subscribed 65x times with QIB category going at 115x. Retail was 5x. CNBC reports that $600 million each have been bid by the likes of HSBC, Fidelity and Soros fund.Also domestic institutions like LIC, SBI,IDFC etc have put in bids of 2500-3000 crore each! The total demand has been seen at $47 billion.

This is going to be the “mother of all IPOs” !

Till the company gets listed, it might be a good idea to keep an eye on PFC,PTC,NTPC etc. It might not be a bad idea to add these stocks on corrections.

Categories: IPO Watch Tags: , ,