News on Medial

Some strong 2024 IPOs see erosion in gains; others rebound after tepid debut

Money ControlMoney Control · 2m
Some strong 2024 IPOs see erosion in gains; others rebound after tepid debut

In 2024, the Indian stock market has seen a mix of performances from newly listed companies. While some IPOs had strong debuts, others initially listed at a discount but later rebounded significantly. For example, companies like Vibhor Steel Tubes and BLS E-Services saw impressive listing-day surges but have since given up a portion of those gains. On the other hand, stocks like JG Chemicals and Jana Small Finance Bank initially listed at discounts but have experienced a strong rally. The performance of IPOs depends on factors such as the business model, valuation, and market dynamics. Despite market volatility, solid post-listing performance and strong liquidity suggest a wave of IPOs is likely in the second half of 2024. However, some experts believe that many IPOs were overpriced.

Comments

Download the medial app to read full posts, comements and news.