Ganesh Forging : Mixed Trends

The Ganesh Forging stock today listed with a great "josh" but failed to maintain it . The stock is currently struggling to maintain itself between 45-49 range. The stock is currently trading at a permium of 56% to the issue price.
One reason for a luke warm listing may be the listing of the stock only on BSE which gives it lesser visibility and participation.

For Investors looking for listing gains, Investment Guru recommends to partly offload at a price of Rs. 50-52 and wait for another one or two days to see how it moves.
The short term outlook for this stock is weak.
Long term outlook for this stock is stable. So any Investor who wishes to hold it for period of 2 years can hold it for better gains.

Happy Investing!

9 comments:

Anonymous said...

what to do with ganesh.the price has come down to 43.is there some hope or shud we get out with whatever profit available?

Rajesh Soni said...

Hi Guys,
Just to inform you that. I will not be able to post any updates today till late evening,since I am quite busy.
Hope you wont' mind.
Thanks and cheers!

Anonymous said...

Hi,

Pls. advise on the upcoming IPOs
-Nectar Life Science,Era Construction,SPL Industries.
Is ir worthwhile to apply in the upper limit in retail portion?

Arvind

Anonymous said...

Hi,

Pls. advise on the upcoming IPOs
-Nectar Life Science,Era Construction,SPL Industries.
Is ir worthwhile to apply in the upper limit in retail portion?

Arvind

cag123in said...

Hi,

Can anyone let me know the drill on BCL forging...it's a non-stop one way street to heaven..tks.

m r kale said...

I bought Ganesh forging at Rs.48.Please let me have yr recomendation.Hold,Sell Or retain for how many months.

Anonymous said...

Mr. Kale:

Hold it, I think it is going to rise upto 60 in couple of weeks.

best luck

Rajesh Soni said...

On new IPO's
Yes friends, I am going to put updates on the forthcoming major IPO's.
Just keep a watch on the blog.
Happy Investing!

Rajesh Soni said...

To all queries on ganesh Forging
I would advice booking profits at 52-54 levels and free your money fro forthcoming issues. Afterall, its leveraging of money that works !