When there was a record-breaking rally in the market, the primary markets were also in vigorous action. But now the situation has changed. Pressure on newly listed shares is increasing. The heroes of the listing are now facing a decline. With complete details on this, Yatin Mota of CNBC-Awaaz told how the heroes of the listing have become worried. Mamta Machinery has fallen 45 per cent from its listing. At the same time, DAM Capital is trading 41 percent below the listing price. Indo Farm Equipment is also trading 33 per cent below its listing price. At the same time, Mobikwik has lost 22 percent from the listing price. ACME Solar has slipped 20 percent from listing.
Shares broken the most from issue price
If we look at the stocks that have fallen the most from the issue price, ACME Solar has fallen 37 percent from its IPO price of Rs 289. At the same time, Suraksha Diagnostic is 33 percent below its IPO price of Rs 441. The IPO price of Carraro India was Rs 704. This stock is trading 32 percent below its IPO price. Hyundai has fallen 15 percent from its IPO price of Rs 1960. Whereas, Concorde with IPO price of Rs 701 is trading down by 2 percent.
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30 day lock-in ends today
The 30-day lock-in of DAM Capital, Mamta Machinery and Concord Enviro has ended today. Whereas the lock-in of Sanatan Textiles is on 23 January. The lock-in of Ventiv Hospitality will end on 24th January, the lock-in of Senorus Pharma will end on 24th January and the lock-in of Carraro India will also end on 24th January.
The market may fall another 10 percent, after that there will be improvement
It is noteworthy that the benchmark Sensex has fallen by almost 10,000 points or 11.5 per cent from its all-time high of September last year, but most market experts believe that the Indian stock market may fall further by 10,000 points from the current level. This is one of the key findings of Moneycontrol’s latest market poll. Around 45 respondents from various categories including broking firms, mutual funds, AIFs, PMS and independent experts participated in this poll.
Of these, 63 percent respondents believe that the market may fall further by 10 percent from the current level, after which it will start recovering from the bottom. At the same time, 28 percent of the respondents have said that they expect the market to fall further by 10-20 percent from the current level. The remaining 9 percent of the respondents believe that we have reached the low level of the current year. Now there is hope for improvement from here. Let us tell you that since January 1, Nifty has fallen by 2.85 percent and Sensex has fallen by 3.2 percent.