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Market volatility singes newly listed firms

About 44% of these companies are trading below their issue price, although 70% of them had ended with gains on the first day of listing

Ashley Coutinho  |  Mumbai 

Demonetisation and the resulting market turmoil have taken a toll on companies that have listed on the bourses from the beginning of 2015, with nearly half the 43 firms underperforming the benchmark indices since the currency freeze on November 8.

About 44% of these companies are trading below their issue price, although 70% of them had ended with gains on the first day of listing. The benchmark Sensex has slid 6.3% since November 8. “Companies that hit the market with valuations solely dependent on the future earnings potential, business trajectory and post-money valuation, ...

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First Published: Thu, November 24 2016. 23:57 IST
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