HomeLifestyleThese companies, which were listed after last Diwali, are giving great returns,...

These companies, which were listed after last Diwali, are giving great returns, doing business above the issue price

Highlights

Many companies listed in the stock market after last Diwali have given great returns to the investors.
In the last one year, Adani Wilmar has topped the list of companies giving the best returns in the market.
During this period, 31 out of 44 companies listed are trading above their issue price.

New Delhi. Between last year and this year’s Diwali, many companies listed in the stock market have given excellent returns to their investors. However, due to continuous volatility, the activity related to IPO in the stock market has almost halved as compared to the same period a year ago, due to which the market has still not reached the previous level.

Shares of several IPOs in this one year have done well despite market sluggishness due to hike in interest rates by central banks and geopolitical tensions. At the same time, the shares of some companies are still battling amidst the ups and downs of the market.

Also read – What is dry shampoo, which Unilever recalled amid fears of causing cancer

These companies performed the best

Adani Wilmar was the best performer among the companies that brought IPO after last Diwali. After that Veranda Learning Solutions, Data Patterns India, Venus Pipes & Tubes Campus Activewear, Go Fashions India, Metro Brands and Latent View Analytics also performed well.

Also read – Stock Market Opening: Big jump of stock market, Sensex again close to 60 thousand, see profitable stocks

So much return given to investors

In the last one year, Adani Wilmar has topped the list of companies giving the best returns in the market. It gave a return of 15 per cent to its investors on the very first day and still remains 187 per cent above its issue price. Veranda Learnings got listed with a gain of 18 per cent and gave a return of 137 per cent. At the same time, Data Patterns got listed at a premium of 29 percent and is now trading at 120 percent more than the issue price. The IPO of Venus Pipes & Tubes opened with a strength of 8 percent and it has given a great return of 104 percent.

Shares of 31 out of 44 companies are above the issue price

Talking about the performance of companies listed in the stock market between last year and this year’s Diwali, according to the Prime database, a total of 44 companies have raised Rs 95,000 crore through share sales. At the same time, the shares of 31 of these companies are trading above their issue price.

Still a challenge for these stocks

Many companies listed in the last one year have done well, while some are still battling for it. Nykaa’s Honor FSN E-Commerce Ventures was the best performer on the day of listing but now its shares are trading around the issue price. On the other hand, Paytm’s Honor company One97 Communications, which brought the second largest IPO, was the worst performing stock on the day of listing and is currently trading 68 percent below the issue price. LIC shares also remain 36 per cent below the issue price so far.

Tags: Adani Group, Business news in hindi, IPO, Paytm, Share market

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments