Nifty futures on Singapore Exchange traded 17 points, or 0.11 per cent, lower at 15,678 signaling that Dalal Street was headed for a negative start on Friday.
Read more about Varroc Engineering reports consolidated net loss of Rs 145.40 crore in the March 2021 quarter on Business Standard. Sales rise 31.86% to Rs 3619.26 crore
Consider these 4 stocks trading below their issue price instead of investing in IPOs
Three of the four stocks are small-time financial institutions, pulled down mostly because of the financial market crisis and negative impact of covid on their earnings.
Synopsis
To identify potential winners, we shortlisted companies that got listed in the past five years, excluding those that got listed in the past year. We then sorted the stocks on the basis of their potential upside.
Primary market investors are not immune to normal greed and fear. While most rush to buy fancied IPOs, they totally avoid the ones that get listed at lower prices or go below issue price. However, there is no need to avoid all stocks that are quoting below their issue price. Since the sentiment is negative, smart investors can pick up some good stocks from this space. To identify potential winners, we shortlisted companies that got listed in the
To identify potential winners, we shortlisted companies that got listed in the past five years, excluding those that got listed in the past year. We then sorted the stocks on the basis of their potential upside.