Written by Umang Saini
PrimaryI haven't had much success in secondary, future, derivative and even fund markets. However one segment which continues to give me decent results is the primary market. 2010 was not a good year for primary markets as more that 2/3rd of offers are currently trading at prices lower than the offer price. Following is the list of my investments in primary market in 2010.
They've given ~15% return over last 9 months, roughly the same as the major indices for the same duration. While, these are by no way spectacular returns, they fall in the category of easy money on the table, especially when most Navratna PSU's offered a 5% discount to retail investors.
Lets see how the primary markets fare in 2011. I am looking forward to the offers from MicroMax ($1bn+ valuation), BSNL, DMRC etc.