Tuesday, May 09, 2017

S Chand debuts with 3% premium on D-Street

   

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S Chand and Company listed on BSE and NSE with 3% premium at 689 Rs. against IPO price of Rs. 670. As per the market speculations all were expecting this stock to list at 20-30% premium but it was not able to hit the market hard and just gain few momentum in the early trade.
S Chand stock was able to hit 700 mark in first few minutes and then selling pressure take it to the down the IPO price. It hits the low of Rs.658 and then moved up. It was not a good listing for retailers who were targeting 10% gain in this stock.

As the stock looks week it might go further down but no one can predict. If buyers interested in this stock and they start buying will loop this stock to Rs.750 but as the listing was not good it might slip further and below the issue price in next few trading week. Risky traders can trade in this stock.

S Chand IPO Listing Price:

DetailsBSE ListingNSE Listing
Listing Price
707.00
700.00
High Price 707.00
700.00
Low Price
658.00
658.20
Close Price
675.85
676.00

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