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Lesson from Friday's crash: Sell but don't short - The Economic Times


Lesson from Friday’s crash: Sell but don t short
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Last Updated: Mar 02, 2021, 12:05 PM IST
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Shorting this market is treacherous at the best of time, and certainly not where it is now, says Ajay Srivastava
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Hold PSU stocks for dividends, hold for privatisation but sell if you think that it is going to be a repeat of what the last five-six years have been all about, says
Was last Friday a reality check or is Monday an indication of what lies ahead?
I would say both. There will be volatility in the market at this level and investors need to learn to live with it. Monday’s lesson was that when you sell off, you do not short this market. That is the bottom line. You may sell and book profit which is fine with me. Money in the bank is worth a lot but shorting this market is treacherous at the best of time, and certainly not where it is now. Things will keep changing but the paradigm is do ....

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RailTel rallies 17% on institutional buying, up 52% over issue price


Shares of RailTel Corporation of India (RailTel) rallied 17 per cent to Rs 142.45 on the National Stock Exchange (NSE) in intra-day trade on Monday after the institutional investors bought a stake in the company via open market on its debut day on Friday.
The stock of the state-owned telecom infrastructure provider made a strong debut on the bourses as it got listed at a 28 per cent premium at Rs 120.60. With today’s rally, it has zoomed 52 per cent from its issue price of Rs 94.
On Friday, February 26, Goldman Sachs India Fund and Nippon India Mutual Fund collectively bought 10.7 million equity shares of RailTel worth Rs 120 crore through block deals on the NSE, the exchange data shows. ....

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RailTel Corporation lists with 16% premium on NSE


RailTel Corporation lists with 16% premium on NSE
RailTel surges over 50% in grey market premium: Know about Railtel IPO before investing
RailTel Corporation of India on Friday got listed on NSE with a premium of 16 per cent against its issue price of Rs 94 apiece.
Notwithstanding the sell-off in the broader market, the stock made a debut at Rs 109, reflecting a gain of 15.95 per cent as compared to the issue price on NSE.
At BSE, shares of the company got listed at Rs 104.60, reflecting a gain of 11.27 per cent.
The company s market valuation stood at Rs 3,846.45 crore.
The initial public offer of the telecom infrastructure provider was subscribed over 42 times. ....

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IPO News: RailTel Corporation Lists At Modest 11% Premium


At 10:45 am, the shares ofRailTel were trading higher by 28.40 per cent on the BSE
RailTel Corporation of India shares listed at a modest premium on the bourses despite a selloff in the broader market this morning. The shares of RailTel Corporation debuted at Rs 104.60, up 11.28 per cent, on the BSE compared to the issue price of Rs 94. And on the NSE, the shares were listed at Rs 109, a premium of 15.96 per cent. At 10:45 am, the shares of RailTel were trading at Rs 120.60, up 28.40 per cent on the BSE and at Rs 120.75, up 28.46 per cent , on the NSE.
Promoted
RailTel Corporation s Rs 819 crore initial public offer (IPO) was an offer for sale by the government as part of the divestment programme. The IPO was subscribed 42 times. The share offering was subscribed 16.78 times in the retail category, 65.14 times in qualified institutional buyer segment and 73.25 times in the non-institutional investor group. The public issue was open for three days between February 15 ....

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RailTel IPO | RailTel Corp shares list on bourses at a premium


Updated Feb 26, 2021 | 10:41 IST
The Rs 819 crore IPO of RailTel was open between February 16 and February 18. The government sold 27.16% stake in this issue.
RailTel Corp shares list on bourses at a premium  |  Photo Credit: Twitter
New Delhi: RailTel made a stellar debut on bourses on Monday as RailTel shares listed at a premium. Shares were trading at Rs 106, up 13% from the issue price of Rs 94. The IPO of RailTel was subscribed over 42 times and it had a price range of Rs 93-94 per share. 
At 10.01 am, shares of RailTel Corp traded 16% higher at Rs 108.90 apiece on the BSE. So far today, the stock has touched a high of Rs  109 apiece and a low of Rs 104.60. In comparison, Sensex was down 924 points or 1.81% at 50,14.90 while the NSE benchmark Nifty50 index was lower by 249 points or 1.66% at 14,847.45 ....

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