Punjab, Sept. 25 -- The NSE closed its debut session at about Rs 1,817, having listed at Rs 1,800 and touched Rs 1,878. On Friday it opened near Rs 1,825 and fell to Rs 1,790.10 - within six rupees of the issue price.
Two sessions, in order
Thursday: listed at Rs 1,800 (0.84% over the Rs 1,785 issue price), high of Rs 1,878, close around Rs 1,817 - up about 1.8%.
Friday: opened near Rs 1,825, low of Rs 1,790.10, giving back most of the debut gain.
A stock that touches Rs 1,878 and closes at Rs 1,817 on day one has told you something. The people who bought at the high were, within hours, underwater.
This is what a fully priced issue does
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