Friday, December 7, 2007

GMR Infra QIP Placement at 240 Rs.

There is news by CNBC that GMR Infra has its QIP placement price at 240 Rs for which market speculation was 280 Rs. Market was disappointed on this news and precisely stock was hammered down. GMR Infra was already in F & O ban and the news of QIP placement at 240 Rs worsened things.

However if you see the positive angle, QIP buying GMR Infra at 240 means, the bottom is limited below 240. Anything below 240 is a bonus for those trying to enter GMR Infra.

Official Information to the stock exchanges is awaited.

3 comments:

Anonymous said...

Very useful tips

We are thankful to you

Kindly do this service continously

best wishes

vego said...

hi,
sri
at this`position , can i buy gmr infra,
thanks®ards
vego

Naresh said...

Hi Srikant,

This site is a superb site and ever since i have watched this site, your targets are achieved.

Excellent Job, Keep it up.

I am watching for long but not able to enter in GMR Infra, is 240Rs will be a good entry point for this. Please highlight on this.

Any news on Burnpur cement getting listed.

Thanks Sri for your wonderful service