Over 60% Newly-Listed Companies Stay Above IPO Price; Ujjivan Shines

New Delhi: More than half of the new entrants to the stock market so far this year are trading well above their issue price, giving investors returns of up to two times. Out of 11 companies that came out with their IPOs this year, seven have registered smart gains against the price at which they had issued shares to investors, an analysis of the stock performance of the newly-listed firms showed. The rest four companies have howeve...