Waaree Energies shares list at 66% premium; Deepak Builders makes tepid start
Post listing, Waaree Energies shares gained as much as 74.6% to ₹2,624.40 on the NSE; the stock price of Deepak Builders declined 15.7% to hit a low of ₹171.
Post listing, Waaree Energies shares gained as much as 74.6% to ₹2,624.40 on the NSE; the stock price of Deepak Builders declined 15.7% to hit a low of ₹171.
Picking quality stock at a reasonable price will be critical to achieve good returns over the coming year, say analysts.
The listing of the Indian subsidiary of the South Korean automaker was lower than Street expectations as the stock was commanding GMP of ₹48 in the grey market.
The index will be reconstituted semi-annually and rebalanced quarterly with each stock carrying equal weight.
Undermining weak cues from the broader market, KRN Heat Exchanger shares listed at ₹480 apiece on the NSE against the issue price of ₹220.
NSE introduced Beta version of T+0 rolling settlement cycle on an optional basis in addition to T+1 in March; to communicate revised date separately
Post listing, shares of Kross gained 10.7% to ₹265.65, while Tolins Tyres hit 5% upper circuit limit of ₹238.30 on the BSE.
The share of Bajaj Housing Finance debuted at ₹150 on the BSE and NSE against the IPO price of ₹70 per share.
Baazar Style Retail staged a comeback after a flat listing, gaining as much as 21% to ₹431.15 on the NSE.
The listing of ECOS India was below the market expectations as the stock was commanding a GMP of ₹126 per share, or 37.7%, over the IPO price.