Coal India IPO

Alchemist

Administrator
Staff member
The demand for this stock is amazing me. @337 now. Would love to know the FIIs who have bought into it and at what levels before I make my decision.
Looking at the volumes, it is evident that there is a lot of speculation happening in this stock.

FIIs may not be buying near 335, but covering by short-sellers can take this stock to any level.

Till now, I have never seen a short-squeeze in any large-cap stock, but looking at the volumes of Coal India, I won't rule it out in this case.

That's why I suggested using a stop-loss instead of selling at market rate.

From someone holding the shares, I would suggest keeping a stop-loss at 319.

319 is much below the current price, but for volatile stocks, some breathing space is needed. The stop-loss should get triggered when the trend changes and not just because of the volatility in the stock.
 
Sold all at 312.50. But it went to 340, although then it started falling and now its at 330.00. People are saying it could reach 380. I thought I'd try intraday on it, but my order was rejected. Something about trading being blocked in a highly volatile scrip. But have made a profit already so it's fine.
 
Seems like a lot of people saying a target of near 400 for Muhurat. Buy or not?

Yesterday quite a few experts on CNBC were saying it will reach 400 only next Diwali. But then, the experts also said it will reach a high of 325 today.
 
Sold 200 shares at Rs 337.

199 at 339.10
199 at 334.20
199 at 326.50

Total profit = Almost Rs 80000 even after paying the brokerage.

Amazing! Enjoy!

But, this warns me of a bubble forming in the stock and my estimate is that this stock will come down heavily if the marker corrects.
 

Alchemist

Administrator
Staff member
Sold all at 312.50. But it went to 340, although then it started falling and now its at 330.00. People are saying it could reach 380. I thought I'd try intraday on it, but my order was rejected. Something about trading being blocked in a highly volatile scrip. But have made a profit already so it's fine.
Some brokers don't allow trading in newly-listed stocks.

Kotak Securities allows trading in almost all listed stocks. :D.

Anyway, the stock is cooling down a bit now.

Sell orders haven't increased in size much, but the big buy orders are gone.
 
Given chance to enter?

I think it has given chance to enter at 326. I hold 199*2 with stop at 308 & 199*2 with stop @ 300. Target not decided.
 
I think it has given chance to enter at 326. I hold 199*2 with stop at 308 & 199*2 with stop @ 300. Target not decided.
With trailing stop-loss @ 323, placed SELL order at 354. CMP 335.

If order is executed, want to BUY at 3:27, for celebrate Muhurat trading & would like to sell within minutes of opening on Muhurat session.
 
Sold 87@334.5.

I am feeling sad now. Did I made bad decision?

May be the share is to be kept for long-term :(.

Anyways 8.8K profit for 20K investment. Nice :).
 

paran

Active member
HDFC also got executed at Rs:310.

I could have waited for some more time to maximize the profit. When I could not apply in one of my Kotak account I didn't feel bad much at that time because I thought may be I would lose maximum around 4000 but now I feel very very sad.

But still this is the Best ever IPO for me till date :star:.

Everybody should be happy since we all got Diwali bonus :D:D.

Happy Diwali to all.
 
Coal India at current levels appears expensive. It is trading at a PE of close to 22.

It is a PSU and generally PSU's don't trade at such valuations. Coal India's current valuations is making even NTPC look cheap considering that NTPC has much better prospects than Coal India.

Coal India's growth will primarily come from NTPC's expansion plans.

Rpower has its own captive mines. Any expansion plan of Rpower will not benefit Coal India.

The new UMPPs that government is allotting are coming with their own captive mines. Thus Coal India is extremely expensive at these levels.

The mining bill can be even a bigger dampener and it can be the one which will initiate the fall in this stock.

We should consider ourselves lucky to have made such huge profits from this counter.

Disclaimer: I may be wrong. I will not buy this stock even if it goes below the IPO price.
 
Big smiles everywhere! :star:

Wow! This has been the best day in stock markets for me!
:party:

I recovered all my losses I made in last 2 years! hahaha!

I sold everything @ Rs:335 - a stunning profit of about Rs:103 per share. :wink:.

Feels nice. Time to say thank you - planning to donate some amount to the disabled people in my city.

Happy Diwali guys! We all are victorious today!

:party:.
 
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