Neclast disappoints admist sluggish market

Nelcast slips below IPO Price

The listing of Nelcast was diappointing for those who got the allotments. The stock which listed at Rs. 230 in the opening trades soon started tumbling down. Though the stock did touch 274 levels on NSE, I believe not many trades would have happened at those levels. After staying near the IPO offer price for some time the stock went into discount zone and couldn't recover from the jerk's. The IPO was reasonably priced and the markets didn't thought it fit for further premium. The stock is currently qouting at Rs. 206 down nearly 6% from the IPO price.


Anonymous said...

Rajesh Sir,
I have bought 100 shares of nelcast today in the morning @223. I am willing to sell even at break even price. please suggest if the stock price will come up or not.