Danish Power shares list at 50% premium over IPO price on NSE SME platform
The shares of Danish Power debuted on the NSE SME platform at a premium of 50% on Tuesday. The stock listed at Rs 570 as against an issue price of Rs 380. The IPO was entirely a fresh equity sale of 52.08 lakh shares and through the issue, the company raised about Rs 198 crore,…
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Diwali sale or trap? 12 stocks crash at least 40% after giving multibagger returns
Reminding investors of the iron rule of mean reversion in financial markets, 12 stocks like Cochin Shipyard, HUDCO and Bharat Dynamics have crashed at least 40% from their 52-week high levels after giving multibagger returns in the last one year. A study of all BSE-listed stocks with a market capitalization of at least Rs 1,000…
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