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Thanks for visiting my Blog. Through this blog I shall try to estimate on which share investors and Indian Equity Market watchers are betting on. IPO recommendations shall be provided from time to time. Your Valuable comments are also invited. Please do vote and share the knowledge of our markets to all of us.

Wednesday, July 11, 2007

Recommendation for Simplex Projects IPO

Simplex Projects IPO is open now and will close on July 13. The lower price band is Rs.170 and upper price band is Rs.185. The turnover recorded for fiscal 2006 – 07 is Rs.136.24 crores and the Net Profit is Rs.10.49 crores. The company is engaged in the construction and engineering sector providing construction services for civil and structural construction and infra sector projects. Since it is involved in similar sector as DLF, and since DLF has had a good show in the bourses, one can consider this IPO. DLF which had an issue price of Rs.525 is currently trading at Rs.590, and seems set to cross Rs.620 very soon. Simplex projects seem to be a good issue and investors can buy for good gains. Also to be noted is that it has already attracted good buying interest by getting oversubscribed more than 2 times in the second day itself. The sensex at 15000 levels is also boosting the confidence of investors who wish to buy new issues.

1 comment:

www.ShareTipsInfo.com Team said...

Dear Visitors,

This Blog is really nice and informative. We are pleased to know this
blog is really helping people. Its our pleasure to post
Informative content on this useful blog created by webmaster.

As we all know major stock market exchanges in India are

BSE
and NSE. Full form of BSE is Bombay stock exchange covering SENSEX
where as

NSE is
National stock exchange covering Nifty and Nifty stocks.

Now a days USA is facing recession which is affecting world market and
recently we have witnessed major fall in Nifty and Sensex.

In this fall many investors were trapped and loosed around 50% to 70%
of their portfolio which is a major issue and need to be taken care
of.

Stock market is risky and will remain risk always still one can
minimize risk factor in it by using proper stoploss. As the name suggest
Stoploss , it stops the losses
which one can incur in the market.

There are few levels which we call support and resistance level which
we suggest one should strictly follow for coming days if they want to
survive in stock market.


Right now Nifty is direction less

Major suport-4660 below it next will be 4400.If breached then 4000.

On upper side Res- 5025 closed above can take Nifty to 5150-5200 . 2-3
closings above 5200 means 5400.

We suggest strictly follow these level and enter in market as per these
levels as these are very crucial levels technically.



Please feel free to contact us for any query.


Have a Nice trading days ahead.

Regards


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