Skip to main content

Alkali Metals - Another SELMCL, Resurgere in the making

Alkali Metals, the company is in the business of manufacturing a range of fine chemicals, based on related chemistry.The company had come out with a public issue of 25,50,000 equity shares of Rs 10 each, which was hardly subscribed 1.03 times.

It was listed today and closed at Rs 173. 4 on the NSE, at a huge premium of 68.35% to its issue price of Rs 103.The today issue size was jus 25 lakh shares but the total traded quantity was 1,06,70,652 shares and turnover was Rs 16855.36 lakh.

This is yet another case of operator driven ipo stock, like it happened in SELMCL, Resurgere and other stocks. So investors beware.
Labels:

Popular posts from this blog

What is Gold ETF - Gold Bees, HDFC Gold, Kotak Gold?

What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in standard gold bullion (0.995 purity). The investors' holding will be denoted in units, which will be listed on a stock exchange.They provide returns that would closely track the returns from physical gold in the spot market. An investor can buy and redeem the units either directly from the mutual fund or from the stock exchange.Presently there are many Gold ETFs traded in NSE India . Some of the listed Gold ETFs are GoldBees ,Reliance Gold,Kotak Gold,UTI Goldshare Why choose Gold? Gold holds its own in any investment evaluation on its strengths as a hedge against inflation, value in the event of political uncertainties and its traditionally negative co-relation with other asset classes such as stocks, fixed income securities and commodities. The value of goods and services that gold can buy has remained stable unlike currencies that have...
Read more

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !
Read more