IRCTC IPO Listing Today - Got lucky? Shares allotted? Check Anil Singhvi's strategy to make more money and become rich
IRCTC IPO Listing: IRCTC IPO is expected to open Rs 225-250 above its base price of Rs 320, says Zee Business Managing Editor Anil Singhvi.
IRCTC IPO Listing: The Indian Railways Catering and Tourism Corporation or IRCTC IPO listing is taking place today when the Indian stock market opens for trading. Various market experts are of the opinion that the IRCTC IPO will get listed at around Rs 550 i.e. Rs 200-225 above its base price of Rs 320. Various market experts are giving various levels to buy or sell the counter Zee Business managing Editor Anil Singhvi has also expressed his opinion for investors who got the IRCTC shares in the allotment and for those who couldn't get the shares.
See Zee Business tweet below:
रेल मंत्री से फिर की अनिल सिंघवी ने अपील- सिर्फ रिटेल निवेशकों के लिए आए IPO...@AnilSinghvi_ @PiyushGoyal @PiyushGoyalOffc @FinMinIndia @BSEIndia @NSEIndia @ashishchauhan @vikramlimaye @IRCTCofficial @RailMinIndia pic.twitter.com/aNucJOy7FN
— Zee Business (@ZeeBusiness) October 14, 2019
Speaking on the IRCTC IPO in the Opening Bell program on the Zee Business TV Anil Singhvi said, "The IRCTC IPO is expected to open Rs 225-250 above its base price of Rs 320. He said that the IRCTC shares once listed may show some upward movement or Rs 350-400 in the intraday itself and hence those who got the IRCTC IPO in the allotment are advised to book profit at around Rs 570-600 per IRCTC share levels." He said that after some trade sessions, the IRCTC share price is expected to come down at around Rs 450 to Rs Rs 500.
See Zee Business Live TV streaming below:
For those investors who are looking to buy the IRCTC shares at around Rs 470 levels citing, "Those who have the IRCTC IPO allotted should book profit at around Rs Rs 570-600 and wait for some correction and further buy at around Rs 470 per share levels. This level can be a good buying option for those who applied for the IRCTC IPO but failed to get the IPO allotted." Anil Singhvi had earlier in one of this Zee Business TV program had said that IRCTC IPO will give 50-75 per cent returns on its listing day itself.