however no big players involved in buying yet. retailers are playing smart keeping the price in very fair value. my expectation is it will be gradually come down to 200's then stabilize around 200-210 in short term till rights conversion.
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@slstock wrote:Hmm, people expected this to come to right issue price of Rs 175.
If it holds between Rs 190-200 , it would be good.
But who know, JKH play might be stronger than we think. For right to be attractive N has to be trading at a premium also ;-)
Once rights are converted , there can be some selling pushing it down below Rs 200
But this is one share that is hard to predict. It has a string backing both foreign and local.
Agreed Gaja. Thanks for the feedback@Gaja wrote:
Agreed without proper premium, the right holders will not might take up the rights, so its better to wait and see how it moves after the listing of rights.
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