Well in each QIP, some broking house or the other is heavily involved and IIFL is no better or no worse than the rest of the pack. Technically, TI is a strong script, currently around 100, may come down to 80, but can go up to 145 in the next 6 months. Fundamentally, Tilaknagar Industries still stands on a strong footing with its IMFL (Indian made foreign liquor) story and if you are a long term investor, you may continue to hold on to the script. Fresh buys, without previous holdings recommended below 90 only.
On Sun, Nov 28, 2010 at 11:04 AM, Venkatraman S <venkat83@gmail.com> wrote:
Well, i was just referring to the 'sentiment' factor - the way IIFL is linked with MM, TI can also tank - but I am not sure how credible this worry is. For i did not find anywhere on the net where there is a mention of this QIP and IIFL linkage.
On Sun, Nov 28, 2010 at 7:21 AM, POWERFULPICKS wrote:
Why do you think that IIFL's involvement in QIP of TI is bad or detrimental to retail investors?
On Sat, Nov 27, 2010 at 4:27 PM, Venkatraman S wrote:
Hi Anupam da,
I am not sure how many know this, but i dont want to spread a rumour and bring down the TI stock. The thing is : IIFL happened to involved in the QIP of MM and also TI. Shall I book out of TI asap or just stay put? TI as such is a good scrip, but the news of IIFL being associated with it is giving me the worries. Also, the way the IIFL guy spoke in NDTV profit on the MM QIP, saying that 'such things happen' has given me the jitters. What do you think?
As Merchant bankers, i think IIFL would only have access to things like audited statements etc. and not anything like ‘were these guys giving out bribes to people’
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