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Shyam Metalics, Sona Comstar: What grey mkt is signalling ahead of listing

Shyam Metalics shares traded at a premium of Rs 123-125 or nearly 40 per cent over the issue price of Rs 306 in the grey market ahead of listing, while Sona Comstar shares were trading flat

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Saloni Goel New Delhi
A strong debut is on the cards for Shyam Metalics while Sona Comstar is likely to witness a muted listing, suggest grey market trends. The shares of both these firms are slated to list on bourses on June 24.

Shyam Metalics shares traded at a premium of Rs 123-125 or nearly 40 per cent over the issue price of Rs 306 in the grey market ahead of listing, while Sona Comstar shares were trading flat, up Re 1 over the issue price of Rs 291, according to grey market watchers.

Choppiness in the market over the last few