Money on the markets

A maturing market amid the mayhem

A2Z plunges on debut

December 23, 2010

A stockbroker uses his terminal to trade at a brokerage firm in Mumbai September 30, 2008. REUTERS/Punit Paranjpe/Files

Shares in A2Z Maintenance and Engineering Services made a peculiar trading debut on Thursday – opening above the issue price of 400 rupees per share on one exchange, and lower on another – before closing sharply down.

The counter opened at Rs 500 on the NSE, but immediately slipped below its issue price and ended 17.9 percent lower at 328.15 rupees. On the BSE, it closed 12.3 percent down at 328.90 rupees.

Do you think the counter provides a good opportunity for investors, or will it slip further?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •