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Friday, June 17, 2011

Laackluster performance by VMS industries share

VMS Industries limited share has made new low of ì  18.55 today(June 17, 2011), while its issue price was ì 40.
And this was expected ,that’s why I had categorically denied investors to invest in VMS IPO. Those who have invested have lost more than half of their investment.
This share is only listed on BSE; and barring a few, shares which are listed on BSE but not on NSE, are more prone to price manipulation.
Listing on both exchanges ensures better and transparent price discovery .
I always discouraged investing in stocks which lacks fundamentals, even for listing gains as
 Profitable exit is often impossible for retail investors.
Those who have overlooked this IPO are now laughing in cheeks.

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