While most of the stocks listed in the first 8 to 9 months of the year 2021 have given positive returns, the condition of the stocks entering the market after this is slim.
Stock on New Low: The math of the IPO market has deteriorated in the upheaval of the market. While most of the stocks listed in the first 8 to 9 months of the year 2021 have given positive returns, the condition of the stocks entering the market after this is slim. Stocks like Paytm, Nykaa, Star Health, SJS Enterprises, Rategain Travel, Shriram Prop have given investors negative returns as compared to the issue price. At the same time, many of these stocks are approaching or near their 52-week low. Among them, the stock of Paytm has weakened the most. Meanwhile, there has been a lot of volatility in the stock market. High valuations, inflation, rise in bond yields, rise in crude, fears of raising interest rates, selling by FIIs and geopolitical tensions added to the pressure on the market.
on paytm record low
Even after being the most talked-about IPO of the year 2021, the stock of Paytm has disappointed investors. The stock of the company has reached a new record low of Rs 840 today. This is about 72 per cent less than the issue price. The company’s stock was listed in the market on 18 November 2021. It listed at Rs 1955 against the issue price of Rs 2150 and closed at Rs 1564, down 27 per cent on the listing day. Now the share price has gone up to Rs 840.
Nykaa close to 1 year old Lou
The share of beauty e-commerce company Fsn E-Commerce Ventures ie Nykaa has also disappointed after the listing. This share is currently at a price of Rs 1538. Whereas a day earlier i.e. on February 14, it had made a record low of 1492. However, there is a positivity return in the stock right now as compared to the issue price of Rs 1125. But the listing price has seen a sharp decline from Rs.2001 onwards.
Star Health
Rakesh Jhunjhunwala’s investment company Star Health has also disappointed investors. Today the company’s share reached the price at Rs 712. This is a record low for the stock. This stock was listed on 10 December 2021. The issue price got listed at Rs.903 as compared to Rs.900. Whereas it is now at a price of Rs 712. That is, 21 percent has weakened even from the issue price.
AGS Transact Technologies
The share of AGS Transact Technologies is also at its record low of Rs 121. This stock was listed in the market on 31 January 2022. It got listed at Rs 176 against the issue price of Rs 175. Whereas at present it is weakening by 30 percent from the issue price at Rs 121.
Cartrade Tech
The share of Cartrade Tech is also at 52 weeks low at Rs 611 today. This stock was listed in the market on 20 August 2021. It listed at Rs 1600 as compared to issue price of Rs 1618. Whereas on the very day of listing, it weakened by 7 percent and closed at Rs 1500. Right now it is trading at Rs 611, ie, about 63 percent weaker than the issue price.
These stocks also disappointed
Stocks like Data Patterns, Tega Industries, Chemplast Sanmar, Exxaro Tiles and Glenmark Lifesciences are also at or near their 1-year lows. There was weakness in most of the issue price, while negative returns have been given in comparison to the listing price.
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