Eighty per cent, or 60 of the 75 companies that made their debut on the mainboard this financial year, ended their listing day with gains.
The average first-day gains stood at 28 per cent. Meanwhile, over 70 per cent, or 55 stocks, are still trading above their issue price.
Also, the shares of over 12 companies that listed following an IPO have more than doubled. If one includes the issues of small and medium enterprises (SMEs), the current market price of 70 companies is at least double that of their issue price.
Some of the standout performers on the mainboard were state-owned Indian Renewable Energy Development Agency (Ireda), which has risen 4.2 times; Signature Global, which has gained 3.5 times; Netweb Technologies, up 3.2 times; and Motisons Jewellers, which rose close to three times.
Diese Geschichte stammt aus der March 30, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 30, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Politics, exit polls, market and retail investors
Are retail investors reading the market better than institutional investors? Are they getting smarter?
CHAOS CASHOUT: RETAIL INVESTORS SPIN TO WIN... ...AS THEY RIDE THE ELECTION CAROUSEL TO RICHES
Market crash? No problem. Retail investors snap up shares worth nearly ₹21,200 cr
MCA president Amol Kale dies of cardiac arrest at 47
Mumbai Cricket Association president Amol Kale has died of a cardiac arrest in New York after attending the T20 World Cup match between India and Pakistan.
Astronauts' health focus of study on multidrug-resistant pathogens
Researchers from IIT Madras and R NASA's Jet Propulsion Laboratory (JPL) are studying the behaviour, adaptation, and evolution of multi-drug resistant pathogens about 400 km above the earth's surface at the International Space Station (ISS).
COST OF KEEPING COOL
With ACs, fridges, and space cooling becoming necessities, experts point out that ambient heat increases as more cooling equipment is installed
Pricing challenge may weigh on pharma stocks
The tailwind of low price erosion in the US generics market may be reversing slowly, caution analysts.
Kotak MF launches special opportunities fund
Kotak Mutual Fund (MF) on Monday announced the launch of Kotak Special Opportunities Fund.
Proposed norms may lead to big F&O churn
Analysts expect over two dozen exits, 75 entrants
Sensex, Nifty breach record levels but settle lower amid profit booking
Benchmark equity indices Sensex and Nifty ended lower on Monday after hitting their all-time high levels in early trade amid selling in blue-chip IT stocks and HDFC Bank.
Blackstone mops up ₹6,736 crore from 15.1% stake sale in Mphasis
Blackstone on Monday sold 15.1 per cent stake in mid-tier IT firm Mphasis via block deals.
