Of the 43 firms that have debuted on the exchanges since 2013, the stocks of 28 have brought cheer to investors and are trading above their issue prices, reports Rahul Thekdi in Mumbai.
Of the 43 firms that have debuted on the exchanges since 2013, the stocks of 28 have brought cheer to investors and are trading above their issue prices, reports Rahul Thekdi in Mumbai. In January 2013, the Sensex was ruling at levels of 19,580.81; currently the benchmark is at 27,915.89.
Data from Prime Database shows the best performance has been turned in by companies that listed in 2013 — every stock trades above the price at which investors bought, including Repco Home Finance and V-Mart Retail.
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While 21 companies debuted on the bourses in 2015, ten of these stocks now trade below their issue prices; among these are Coffee Day Enterprises, Prabhat Dairy, Power Mech Projects and UFO Moviez India.
Barring Monte Carlo Fashions, the other stocks that listed in 2014 are trading above their issue prices — Shemaroo Entertainment, Sharda Cropchem, Snowman Logistics and Wonderla Holidays have actually gained anywhere between 80% and 200%. In 2016 so far, a dozen firms have been listed, but four of them have lost value.