Timbor Home Limited (TIMBOR) should you buy it or short it ?
Yesterday Timbor was a shocker for most of the Indian traders despite weak sessions this stock was the top gainer at NSE closing at Rs91.50 with a premium of premium of 44.76% to its issue price of Rs63.
What is the business model ?
Timbor Home is a manufacturer and retailer, having 80 stores of kitchen, door and furniture. It also operates on a franchise model. Competitors in the segment include Pantaloon, Shoppers Stop, Trent, Godrej, Durian and Lifestyle.
My advise
It is volatile and it is risky trade,so i would personally not refer to get into it,forget tracking charts and all that, it can still give you a shock.If you have still made up your mind to go after it then please use Stop loss,put your money in small amounts and once you book profit don’t hesitate to leave the table.