Cambridge Technology Enterprise
This company got listed on the stock exchanges on 7 February 2007. Had a very good listing. Against issure price of Rs.48.70, got a high of Rs.109 and closed at Rs.100 on the first day itself. The trading volume was around 10 crore shares on each exchange and huge buying orders were pending at the end of the day. Today on 8th of February it was locked at upper circuit for first one hour of the day but as the broader market fell it came out of upper circuit. But the stock is still up some 14 percent with great trading volume and closed at Rs.109 on second day of listing with huge buying interest still intact. In fact it is heard that the company has some of the biggest and most respected names of corporate world as its clients i.e Bank of new york and Colgate to name a few and with a rubust margins of around 25 percent the company seems to be a good bet in medium term with target of around Rs.150 with almost no downside at the price of Rs.109 at present.
This company got listed on the stock exchanges on 7 February 2007. Had a very good listing. Against issure price of Rs.48.70, got a high of Rs.109 and closed at Rs.100 on the first day itself. The trading volume was around 10 crore shares on each exchange and huge buying orders were pending at the end of the day. Today on 8th of February it was locked at upper circuit for first one hour of the day but as the broader market fell it came out of upper circuit. But the stock is still up some 14 percent with great trading volume and closed at Rs.109 on second day of listing with huge buying interest still intact. In fact it is heard that the company has some of the biggest and most respected names of corporate world as its clients i.e Bank of new york and Colgate to name a few and with a rubust margins of around 25 percent the company seems to be a good bet in medium term with target of around Rs.150 with almost no downside at the price of Rs.109 at present.
