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All those who are crying that the share is overvalued, its not companys fault, company has issued shares for Rs. 500. According to them fair value was Rs. 500.00. We took it to Rs. 1400.00 Will like to see price around 800 so that can invest in lacs in it.
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Price when posted : NSE: Rs. 1086.80
Why wait till 800 Bro in that case? Wait till 400/500 na? IPO valuation had few assumptions and market rating of 1,400 had other basis. Retailers get greedy and then start blaming the system. Let me inform you that since day one I have maintained low of 1k/1,100 for this company. It will never trade in three figures, believe me you. Future is the excellent for this pride of Tatas. If you are keen on taking some shares in this will suggest SIP model of 5/10 shares at a time as per your risk capabilities!
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Price when posted : NSE: Rs. 1086.80
All those who are crying that the share is overvalued, its not companys fault, company has issued shares for Rs. 500. According to them fair value was Rs. 500.00. We took it to Rs. 1400.00 Will like to see price around 800 so that can invest in lacs in it.
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