Strong opening but share sheds gains – Closes up 8.6%
Eros International Media Limited listed at the BSE and being a film company had all the drama and glamour attached to it. Mr Sharukh Khan was the Chief Guest for the listing ceremony and posed for the gong ceremony and photograph after the share had listed and started its new journey in the stock exchange.
Eros International shares listed at Rs 213.35 on the BSE and Rs 205.45 on the NSE. The highs were made in the opening hour itself and the BSE saw Rs 217.70 while the NSE saw a high of Rs 213.95. The low on the BSE was Rs 178.60 and on the NSE was Rs 177.65.
Trading volume was 5.80 cr shares which compared to the IPO issue size of 2 cr shares 2.9 times the issue size. The delivery volume 95 lakh shares, which as a percentage of traded volume was 16.38% but as a percentage of IPO size was 47.5%.
| Exchange |
Open |
High |
Low |
Close |
Net Change |
% gain |
Wt Avg |
Volume |
Delivery |
Del % age |
| BSE |
213.35 |
217.70 |
178.60 |
190.05 |
15.05 |
8.60 |
192.01 |
21938416 |
2872594 |
13.09 |
| NSE |
205.45 |
213.95 |
177.65 |
190.25 |
15.25 |
8.71 |
191.93 |
36086829 |
6629653 |
18.37 |
| Total |
|
|
|
|
|
|
|
58025245 |
9502247 |
16.38 |
The share after appreciating to Rs 214 on the NSE and Rs 217 on the BSE a gain of Rs 42 or close to 23% fell and was unable to hold on to the gains. The share traded through the day in the 190-197 range and finally closed at Rs 190.05 on the BSE and Rs 190.25 on the NSE. The net gain was just a little over Rs 15 or 8.6%.
There was one institutional investor who bought the share and apparently none who have sold. The share seems to be holding at current levels and is not giving any indication of its next move. No trends can be inferred from the present stock performance.
At the end of the day the share has ended the day with a gain of 8.5% and shows signs of holding if not improving from these levels.
