BSE IPO index hits new high; Gland Pharma, MTAR zoom over 40% in a month

A total of six stocks -- Angel Broking, CAMS, Gland Pharma, Happiest Minds Technologies, Laxmi Organic and Macrotech Developers -- have hit their respective new highs since listin

The S&P BSE IPO index hit a new high of 12,201, up nearly 3 per cent in Wednesday's intra-day session on the BSE, after recently listed companies such as Happiest Minds Technologies, Computer Age Management Services (CAMS), Route Mobile and MTAR Technologies clocked strong gains. These stocks were up between 7 per cent and 11 per cent on the bourses today, as compared to a 0.22 per cent rise in the S&P BSE Sensex at 02:28 pm.

In the past one month, the BSE IPO index has outperformed the market by surging 14 per cent. In comparison, the benchmark