Mar Tue 2021 08:10:40
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Kathmandu. Shares of Chandragiri Hills Company, known as the Blue Chip Company for capital market investors, have been steadily rising since it was listed on Nepse.
Those who have 10 lots of IPO have managed to make an investment of Rs 1,000 to Rs 14,210.
There is still a demand for more than 500,000 shares of the company. In the early days, the demand was up to one and a half times the total listed shares of the company.
A total of 1.534 million shares of the company are listed on Nepse, but there was a demand of 2.5 million shares in the early days.
Looking at this trend, it is seen that the share price of the company can touch the figure of 2,000 by Thursday, the last day of the year.
The same 10 lots of shares are being traded in the market now. More than 10 lots of shares have not been traded so far. In other words, investors are taking advantage of the shortage of supply in the game of cornering.
Most of those who get IPO through lucky draw are not in a position to sell the IPO immediately. Analyzing the total number of demat accounts opened and the number of people trading in the secondary market, hardly 30 percent of investors trade in the secondary market. On this basis, it can be analyzed that only 30 percent of the total 1.5 million shares will come to the market.
It seems that some investors have a policy of collecting 10 shares of the company on the basis of the low supply of shares. It seems that a policy has been taken to increase the price by cornering in the future. The fact that the share price has been increased by cornering the share price of the huge market company and Salt Trading Corporation is clear to all.