NHPC, India’s biggest hydroelectric power generator, opened for subscription today and issue received phenomenal response on the first day itself. As heard in TV it was fully subscribed within few minutes and is subscribed 3.54 times. Issue closes on August 12, 2009. The price band has been fixed at Rs 30-36 per equity share of face value Rs 10 each.
Should you apply?
Every fund house has the view that you should go for it and I am also no different and here are some of my reasons.
- Though Expensive when looking at PE Ratio but many projects are still under construction and do not contribute earnings currently.
- Government IPO a Safety as was the case with REC which did not crack much in the melt down as well.
- Last but not the least its “Power Sector”
Share ...
How My Technical Analysis eBook Can Transform An Average Investor into A Market Analyst
If you're trying to make money from equity market, you should understand how the market works and not bet on your luck.
Technical analysis and chart pattern can revolutionize your understanding about the market and help you understand when is the right time to get into any stock and what could be your possible target for the stock.
My eBook helps you get equipped to understanding the market from practical point of view which means unlike many other technical analysis books my eBook does not explain all possible technicals and patterns that any student need to know.
In short I have explained technicals that I use when trading and investing in market.
{ 2 comments… read them below or add one }
What shoud be the fundamental price of NHPC share? What may be the price of NHPC AFTER A WEEK?
I expect it to list close to 40+ but what would be the price in weeks time depends on market situation and if things goes well it should stabilize around listed price before moving up.