I STILL CAN'T REALLY BELIEVE IT,VISHAL RETAIL'S SHARE GOT LISTED AT A WHOPPING PRICE OF Rs 700/- ODD AS AGAINST ITS PRICE BAND OF Rs 250 TO 270/- GIVING A SPLENDID RETURN.
IMAGINE THE MOOLAH RAKED IN BY INVESTOR WHO PAID AT AROUND Rs270/- PER SHARE AND WITHIN A FORTNIGHT ITS VALUE HAS TOUCHED THERs 700/- MARK.EVEN IF EACH SHARE GIVES AROUND Rs 400/- THENTOO THE INVESTOR IN BOUND TO HAVE THUMPING PROFITS.JUST RECENTLY I HAD MENTIONED THE OPPORTUNITY IPOs PROVIDE AND VISHAL RETAIL'S IPO PROVES THE POINT PERFECTLY.
THE OTHER IPO WHICH GOT LISTED WAS THAT OF DLF WHICH REACHED AHIGH OF Rs 714/- ON BSE AS AGAINST THE SELLING PRICE OF Rs 525/-. THOUGH THE PRICE RAPIDLY DECLINED AFTER THE LISTING,IT STILL REMAINS IN THE CORRIDOR OF Rs 570/- TO Rs 580/-, STILL GIVING CLEAR 10% PROFIT.
WHICH FIXED DEPOSIT OR INSURANCE OR PPF ACCOUNT IS GOING TO GIVE YOU AN INTEREST RATE OF 10% FOR JUST 15 DAYS ? NONE !!!!!!!!
PEOPLE WHO INVESTED IN THESE IPOs HAVE PROFITED MASSIVELY,AND JUST RE-CONFIRMED THAT STOCKS ARE THE BEST INVESTMENT AROUND.
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