Strong start – Share holding on in positive territory
JSW Energy Limited made its debut on the bourses in an impressive listing ceremony at the BSE Convention centre today. The importance of the day and event cannot be ignored simply because it was the first trading day of the new calendar year 2010 and also the first trading day of earlier start from 9 am. The share opened at Rs 102 on the BSE and Rs 106 on the BSE and NSE respectively. The highs were at Rs 106.40 on the BSE and Rs 106.35 on the NSE respectively.
| JSW Energy Listing Morning | ||||||||
| Exchange | Open | High | Low | Close | Net Change | % gain | Volume | Wt Avg |
| BSE | 102.00 | 106.40 | 101.00 | 102.55 | 2.55 | 2.55 | 12448004 | 103.27 |
| NSE | 106.00 | 106.35 | 101.00 | 102.55 | 2.55 | 2.55 | 29568121 | 103.27 |
| Total | 42016125 | |||||||
The share has been trading in positive territory throughout in the 80 odd minutes of trading that have happened. The combined volume is 4.20 cr shares. Readers would recall that JSW Energy had launched its IPO in a price band of Rs 100-115 during the 7th and 9th of December 2009 to raise Rs 2700 crs. There was a discount of Rs 5 for retail investors and the issue was priced at the lower end of the price band of Rs 100. The final issue was about 26.4 cr shares.
The share is now trading below its average and this shows that there is some pressure on the stock. Retail investors were allotted shares at Rs 95 and they are making money currently which is good for the health of the capital markets.
The end of the day will indicate where the share closes.
