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Tuesday, November 21, 2017

HDFC Standard Life zooms within 3 days post listing

Shares prices of HDFC Standard Life have zoomed nearly 50% from its IPO price in just three days of listing on the stock market. HDFC Standard Life Insurance Company had raised about Rs 8,700 crore from its public offer

The stock of HDFC Life had jumped 44.44% to the record high of Rs 418.9 from the issue price of Rs 290 after opening little higher at Rs 356.4 on NSE today. On the first day of trading, followed by massive listing gains and a very high demand for HDFC Standard Life shares, the scrip emerged as the volume topper on both BSE and NSE. The stock was trading up 29.05% at Rs 384.4 on NSE today.
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