Will IRCTC Turn As Golden Stock?

From the most recent couple of days, financial specialists are anxiously hanging tight for the IRCTC IPO, which is the auxiliary of Indian Railroads. At last, it had recorded on Monday at the NSE and BSE. The portions of IRCTC recorded at a top notch cost over the issue cost. As of the information, it had recorded at more than 100 percent premium. With this move, the Initial public offering causes a buzz in the Indian value advertise. Presently, the intriguing issue in the securities exchange is will IRCTC turn as Brilliant Stock or Penny Stock?

The reports told that 10 additional Initial public offerings recorded more than 100 percent premium throughout the entire existence of the Indian value advertise. In these 10 Initial public offerings, some of them have turned as penny stocks.

Tantia Constructions, GCM Securities, FCS Programming Arrangements, Road Supermarts, Salasar Techno Designing, Astron Paper and Board Plant, Max Alert Systems are the best Initial public offerings that recorded over 100% premium at stock trade stages.

In this rundown, Tantia Constructions IPO had appeared on the bourses in 2016. It was recorded at a 260 percent premium at Rs 180. In 2013, GCM Securities IPO had appeared at a 200 percent motivating force to give cost. In addition, FCS Programming Arrangements had appeared at a 200 percent premium in 2005. In 2017, Road Supermarts, Salasar Techno Engineering, Astron Paper and Board Plants Initial public offerings recorded more than 100 percent premium to give cost.

Penny Stocks

As of the information accessible on the official stock trade stage, lamentably, the Initial public offerings recorded at the exceptional cost have now transformed into penny stocks. As of IST on fifteenth Oct, FCS Programming share cost remained at Rs 0.25 and Tantia Developments shares at Rs 1.40. It implies every one of that sparkles isn't gold! This line is likewise pertinent for different stocks, for example, Max Ready Frameworks which appeared at 157% premium and last exchanged at Rs 4.84. Additionally, GCM Protections recorded at 225 percent, presently share esteem is Rs 9.38.