Friday, March 7, 2008

GSS America Info IPO - Listing status

GSS America Infotech opened at Rs 380 on the NSE, and touched a high/low of Rs 540 and Rs 370, respectively. GSS America rose by 25.20% or Rs 100.80, to settle at Rs 500.80. It traded with volumes of 1,06,25,651 shares and turnover at Rs 504.42 crore.

The stock was issued at a price of Rs 400. Considering the 600 points fall in sensex on the same day, this listing is great. Though, we would not recommend investors to buy this stock as better companies are available in this segment in secondary market.

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