Tijaria Polypipes

magnet · #1 15th October 2011, 12:38 AM

Another ipo biting dust on first day of listing.

Falling 70% on listing

Ipo came at 60 rs and now trading at 18 levels.

Though tulsian analysis didn't had some serious concern about the issue except it being priced high.

S P Tulsian - Money better off in your tijori! - Premium Investments

Can someone invest in this stock for very short term horizon for 20% return at Rs 15 entry?

In sense any chances of it going further worst from here looks limited. But you never know it might go up to 5 level.

Wanted to know anything which is much worst for this issue?

Alchemist · #2 17th October 2011, 09:37 AM

Quote:

Originally Posted by magnet

But you never know it might go up to 5 level.

You have answered your question yourself.

.

There is no real bottom for such stocks. They can fall to any level.

Alchemist · #3 29th December 2011, 08:11 AM

Quote:

Originally Posted by magnet

But you never know it might go up to 5 level.

Now it will surely go to Rs 5.

It is one of the 7 companies that have been barred by SEBI for IPO irregularities.

Quote:

These firms and their promoters have been barred from the securities market while the bankers have been prohibited from taking up any new merchant banking assignments. The seven firms include Bharatiya Global Infomedia, Tijaria Polypipes, Taksheel Solutions, RDB Rasayans, Onelife Capital Advisors, Brooks Laboratories and PG Electroplast.

Sebi bans 3 bankers and 7 companies for IPO violations including Atherstone Capital, PNB Investment Services - The Economic Times