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What is the story about?
Shares of new-age companies are seeing sharp upmoves on Friday, April 10, with stocks surging as high as 20%. However, most of these names are still underperformers, having corrected significantly from their post-listing high or are back towards their issue price.
Shares of Aequs surged as much as 20% on Friday, while those of GK Energy, Saatvik Green Energy, Laxmi India Finance, Vikram Solar, Glottis, and Pace Digitek are trading with gains between 4% to as high as 10%.
In fact, 97 out of the 105 constituents of the Nifty IPO index are trading with gains. Here's a look at some of the top performing names today:
The stock surged as much as 20% on Friday and has gained in five out of the last seven trading sessions.
Close to 70 lakh shares of the company have changed hands so far, with 27% of those marked for delivery.
As of Yesterday's close, the stock had closed at 124.98, which is exactly its issue price (₹124).
GK Energy shares are up for the seventh day running on Friday, with the stock having surged 30% during this period.
Over 11.5 lakh shares of the company have changed hands so far, with nearly 50% of those shares being marked for delivery.
Despite this seven-day upmove, shares of GK Energy are still trading 23% below its issue price of ₹153.
Shares of Saatvik Green Energy are trading 8% higher on Friday, and have gained over 30% in the last one month. The stock has gained in six out of the last seven trading sessions.
15 lakh shares of the company have changed hands so far and 22% of those shares are marked for delivery.
As a result of this move, the stock is back near its IPO price of ₹465, but is significantly below its post-listing high of ₹567.
Vikram Solar's shares have surged in six out of the last seven trading sessions and is up for the third day in a row today.
As many as 43 lakh shares of the company have changed hands so far with 44% of those being marked for delivery.
The stock is still down significantly from its issue price of ₹332 and its post-listing high of ₹407.95 per share.
Shares of Laxmi India Finance had gained as much as 8% on Friday, and have extended their gains to 47% over the last seven trading sessions.
Laxmi India Finance has seen close to 5 lakh shares traded in today's trading session so far, of which, 44% are marked for delivery.
From an issue price of ₹158, shares of Laxmi India Finance had declined to a low of ₹71, before this seven-day rebound. The stock still remains below its issue price.
Besides these names, other underperforming IPOs like Glottis, Urban Company, Pace Digitek and others are also trading with gains in today's trading session.
Shares of Aequs surged as much as 20% on Friday, while those of GK Energy, Saatvik Green Energy, Laxmi India Finance, Vikram Solar, Glottis, and Pace Digitek are trading with gains between 4% to as high as 10%.
In fact, 97 out of the 105 constituents of the Nifty IPO index are trading with gains. Here's a look at some of the top performing names today:
Aequs
The stock surged as much as 20% on Friday and has gained in five out of the last seven trading sessions.
Close to 70 lakh shares of the company have changed hands so far, with 27% of those marked for delivery.
As of Yesterday's close, the stock had closed at 124.98, which is exactly its issue price (₹124).
GK Energy
GK Energy shares are up for the seventh day running on Friday, with the stock having surged 30% during this period.
Over 11.5 lakh shares of the company have changed hands so far, with nearly 50% of those shares being marked for delivery.
Despite this seven-day upmove, shares of GK Energy are still trading 23% below its issue price of ₹153.
Saatvik Green Energy
Shares of Saatvik Green Energy are trading 8% higher on Friday, and have gained over 30% in the last one month. The stock has gained in six out of the last seven trading sessions.
15 lakh shares of the company have changed hands so far and 22% of those shares are marked for delivery.
As a result of this move, the stock is back near its IPO price of ₹465, but is significantly below its post-listing high of ₹567.
Vikram Solar
Vikram Solar's shares have surged in six out of the last seven trading sessions and is up for the third day in a row today.
As many as 43 lakh shares of the company have changed hands so far with 44% of those being marked for delivery.
The stock is still down significantly from its issue price of ₹332 and its post-listing high of ₹407.95 per share.
Laxmi India Finance
Shares of Laxmi India Finance had gained as much as 8% on Friday, and have extended their gains to 47% over the last seven trading sessions.
Laxmi India Finance has seen close to 5 lakh shares traded in today's trading session so far, of which, 44% are marked for delivery.
From an issue price of ₹158, shares of Laxmi India Finance had declined to a low of ₹71, before this seven-day rebound. The stock still remains below its issue price.
Besides these names, other underperforming IPOs like Glottis, Urban Company, Pace Digitek and others are also trading with gains in today's trading session.
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