Spectacular debut: sparkling diamond and great Diwali gift to investors
Coal India made a spectacular debut today on the bourses and had a fantastic listing on the BSE and NSE today. The company had a listing ceremony at the BSE and the listing price was Rs 287.75. On the NSE the opening price was Rs 291. The high in the first three hours of trading was Rs 340 on both the exchanges. The low on both the exchanges was the opening price itself which was Rs 287.75 on the BSE and Rs 291 on the NSE.
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 287.75 | 340.00 | 287.45 | 333.15 | 88.15 | 35.98 | 136722690 | 323.68 |
| NSE | 291.00 | 340.00 | 291.00 | 333.50 | 88.50 | 36.12 | 350930011 | 323.24 |
| Total | 487652701 |
The trading volumes have been very brisk and the first three hours of trade saw a volume of 48.76 cr shares being traded. This is 77% of the IPO size which was 63.16 cr shares. The weighted average is around Rs 324 and the share is holding steady in the Rs 325-335 range.
Investors have made a killing in this share and assuming that they have sold at the average price of Rs 325 they have made a profit of Rs 80 plus the retail discount of Rs 12.25 which on an allotment of 199 shares results into a cool profit of Rs 18,357.75 per application of Rs 98,000 resulting into a percentage gain of 18.73%. This is a great Diwali gift to all investors and will help in the divestment process of the government going forward.
