Over 85 per cent of stocks marking their entry on the bourses with bumper debuts in the last one year have continued to give handsome returns to investors. According to data provided by Prime Database, 15 out of 26 listings registered strong debuts in the last one year (with closing gains of over 10 per cent). Of these, 13 notched up further gains over a period of time.
This includes Teamlease Services, Equitas Holdings, Thyrocare Technologies, Ujjivan Financial Services, Parag Milk Foods, Mahanagar Gas, Quess Corp, Advanced Enzymes Technologies, Dilip Buildcon, RBL Bank, GNA Axles and Endurance Technologies. Listing gains of only three companies (Teamlease Services, Parag Milk Foods, and GNA Axles) have eroded till date. This is also true for companies which got listed in 2015.
Of the eight grand debuts that took place in 2015, only two companies have not been able to hold on to their superior performance till date. While the stock price of Inox Wind has nearly halved, gains in Narayana Hrudayalaya have tapered off a bit.
