Good Morning ! Today is an exciting day as we have one of the favorite stocks listing in the market. The listing price is going to be a big trend setting feature for the investors after the Jun - July bloodbath. The issue price of Tech Mahindra was at 365. Being among the top 10 IT companies in india with earnings exceeding 10 Billion it should not be a big worry. Second factor is to be associated with a big banner like Mahindra. Let me remind you that some time back we had Mahindra Finance go on listing and the trend was very positive at the day of listing. Thirdly the fundamentals of the biz revenue are pretty solid and the clients go long with Tech. Mahindra. So my bet would be that the opening day will see 445 levels upward until 475. Lets watch the market ! Happy investing
powered by performancing firefox
