Pursuant to our call on Barak Valley Cement we have shorted the counter in small counter on listing day at Rs 67. We covered the quantity at Rs 60. We think that the counter is grossly overvalued and advise investors keep away from the counter.
Today Empee Distilleries was listed in sync with our expectations. We however have advised our readers to book profits post listing pursuant to momentum investing. At the current levels the stock is an attractive counter for those who can buy and hold for long term.
Disclosure: We have not bid in Empee Distilleries IPO and do not hold any position in this counter.
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