This is in response to query posted by kairav regarding HFCL
This stock is pure operator play and is not backed by good fundamentals. There was a buzz that before the telecom licenses were handed out, that HFCL will qualify for it. Infact HFCL did not bag a single license and in accordance with the the general sell off in HFCL, it got sold out
Now if you you want to play this stock and watch your pulse rate fluctuate then you can go ahead and do it.
What i do advise is to avoid such operator driven stock as there are better plays available.
In response to sanjeev regarding apply for V guard ipo. You have to realise that the primary markets are in very bad shape due to the greed of the companies and conequent over pricing of the issues by the BRLM( book running lead managers). Besides, whenever you do apply for an ipo, to maximize the chances of allotment, u should apply for 1 lakh INR. with 10,000 which you propose to invest, i wouldnt advise u to apply
Sunday, February 10, 2008
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