Friday, August 11, 2017

Cochin Shipyard List at 7% Premium with 20% High After Listing

Cochin Shipyard was looking good at the point of time when the premium was on a high around 150 levels till yesterday. The market movement was negative and the stock was not able to list as per the premium. Cochin able to list around 440 level even the market was down so the listing in green. It was panic at start but then buyers started coming and withing few minutes Cochin able to hit the 20% circuit on BSE and NSE. The investors who sold in pre-market might be worrying but the investors who looked for the longterm got a good bet right now.

Cochin Shipyard was given at Rs.411 to retailers and it listed in premium as well. The market sentiment is negative and due to that the premium was not able to gave a support on listing day but still it was a good bet for all the retailers.

BSE Code 540678
Group B
ISIN No INE704P01017
Offer Price Rs.411 / 432
Face Value Rs.10
Listing Date 11-Aug-17, Friday

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