Den Networks Disastrous performance on listing day continues

The share which listed today continues its disastrous performance and is making new lows every hour. The share went below Rs 150 and made a low of Rs 149.50 on both the exchanges. The day’s average has also come down to Rs 160.29 on the BSE and Rs 160.40 on the NSE. Traded volumes are good and have crossed the 105 lakh mark as of 1.30 pm. This corresponds to roughly 56% of the total shares sold through the IPO.

As of 1.30 pm the shares have slightly recovered from the lows and are trading at Rs 152.50, a loss of Rs 42.50 or 22% over the issue price of Rs 195.

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