Coal India IPO

This is crazy bull run.

Closed at 342.55.

Want to reneter in this stock at price below 280 Rs. If the same trend continues don't think it will reach my target.
 
COAL INDIA

Value of shares traded today:

NSE - 15699.76 Cr

BSE - 6323.01 Cr

22022.77 Cr total trade.

This is phenomenal.

For comparison, here is the same data for Reliance Industries today.

NSE - 608.32 Cr

BSE - 115.87 Cr
 
Market Cap on listing day 2,16,240 Cr at BSE closing price.

This makes it the 4th largest company on BSE.

The order is (in Rs. Cr)

RELIANCE 361,430.01
ONG CORP LTD 293,239.42
STATE BANK 218,115.50
COAL INDIA 216,240.00
TCS LTD. 209,324.79
INFOSYS TECH 176,604.64
NTPC LTD 160,539.19
ICICI BANK 144,861.08
I T C LTD 135,889.37
L&T 131,349.35

Its inclusion in the Sensex and Nifty is a certainty.
 
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Coal India listing will be the headline of all newspapers

This will attract common people to come back in market as many IPO/ FPO of govt company is coming.

I observe when the common people come to market the market BOOMS but after some time it Crashes rapidly so we will see in future same History i.e.

the Market will see New High around 22000/- in Nov/ Dec 2010 and thereafter a BIG Correction,
 
Coal India listing will be the headline of all newspapers

This will attract common people to come back in market as many IPO/ FPO of govt company is coming.

I observe when the common people come to market the market BOOMS but after some time it Crashes rapidly so we will see in future same History i.e.

the Market will see New High around 22000/- in Nov/ Dec 2010 and thereafter a BIG Correction,
That is why I am shorting 27-Jan-2011 expiry Mini-Nifty Futures :D
 
Finally finally made some profit in an IPO after debacles of RPOWER and NHPC and learnt a lot about IPOs, allotment of shares, ASBA etc. Thank you all for your feedbacks to my queries.
 
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