IRCTC IPO Listing: BIG GAIN of over 100% returns! MASSIVE Diwali gift for investors - Check current share price
IRCTC IPO listing happened today and it has delivered more than 100 per cent returns to the investors.
IRCTC IPO listing GAINS 100%! IRCTC IPO listing today has delivered more than 100 per cent returns to the stock market investors. The Indian Railways Mini Ratna company IPO got settled at whooping Rs 626 per shares and zoomed at Rs 697 within few minutes. The Stock Market experts were expecting 50-75 per cent returns while the IPO has delivered more than 100 per cent.
Speaking on the IRCTC IPO listing and its returns, Prakash Pandey, MD & CEO at Plutus Advisors said, "This rise in the IRCTC share price is because of the buying by both DIIs and FIIs. DIIs who failed to get the IRCTC IPO allotted are doing the fresh buying today at the Dalal Street while the FIIs, who were barred from buying the IRCTC IPO are buying the Indian Railways Mini Ratna company's shares from the open market after its listing at the Dalal Street."
See Zee Business Live TV streaming below:
The IRCTC IPO had a higher price band cap at Rs 320 and retail investors were given Rs 10 discount means a retail investor got the IRCTC IPO at Rs 310, which is the cheapest among the majority of the profit-making stocks at the Dalal Street.
NOTE: Zee Business brings to you an exclusive line up of programming for Diwali 2019 with experts, insights & sharp acumen under Zee Business Damdar Diwali show. A Diwali treat for you! Starting soon from October 14 only on Zee Business.in.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.