How many of you remember #PARAS. This stock after IPO opened in the normal range and after that it started blasting like anything. There were lot of rumours that it is the best in the defense sector and it will be a gem in the portfolio. Everyone started buying in the hope of holding a gem and after crossing 1200 levels it started it downward journey and now it is trading around 680 levels and is still bearish.
Now if you watch #AWL the same case is happening. After opening in the normal range after #IPO debut is moving like a rocket. Nobody knows a fair value yet. I am sure operator cartel will be working to take it to new levels and some day the same story as Paras may repeat. If you are holding it check for it's fair value. If you are planning to buy it think twice or make proper study. Markets are ruthless and the cartel always plays deceiving game. Just a forwarning.
