Crossed IPO listing price with volumes and retraced
Windlas Biotech - CDMO. It manufactures medicines for big pharma companies.
Stock price moved above IPO listing price with volumes.
Price retraced and trying to move higher again.
My analysis it is doing similar to Mrs. Bector Foods price movement after it crossed IPO listing price.
If Pharma companies are doing Capex and the sector rotation happens then it should take Windlas higher.
Not a trading but thinking of it is a positional view. I will start investing in very less quantities hoping to make a decent return.
Check fundamentals before investing.
Stock price moved above IPO listing price with volumes.
Price retraced and trying to move higher again.
My analysis it is doing similar to Mrs. Bector Foods price movement after it crossed IPO listing price.
If Pharma companies are doing Capex and the sector rotation happens then it should take Windlas higher.
Not a trading but thinking of it is a positional view. I will start investing in very less quantities hoping to make a decent return.
Check fundamentals before investing.
ความคิดเห็น:
I am still holding Windlas. Added 13 shares till now.
Windlas competitor Akum Drugs ( CDMO for Cipla, SUN, etc ) filed RHP with SEBI. Usually if an IPO is coming then the prices of the competitors also moves up. This is just an observation not a thumb rule. if market crashes IPOs will not come or IPOs will not perform/subscribe.
Keep a track on this. Not trading or investment call.
Windlas competitor Akum Drugs ( CDMO for Cipla, SUN, etc ) filed RHP with SEBI. Usually if an IPO is coming then the prices of the competitors also moves up. This is just an observation not a thumb rule. if market crashes IPOs will not come or IPOs will not perform/subscribe.
Keep a track on this. Not trading or investment call.
It might turn negative but I am investing only the amount that I am okay or comfortable to loose.