February 07, 2007

 

Price pattern on the listing day

Few days back I wrote about Cairn's debut and my theory that, on the listing day the highest price is seen in the first few minutes. Here is another example of the same. Akruti Nirman Ltd, IPO of
which was over-subscribed 81 times, listed today and here are relevant charts.

(Due to some problem with blogger.com, I cannot see the embedded image with img tag. You need to click on the hyperlinks to see the images.)

Charts from BSE and NSE

Price & Volume information from BSE and NSE

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