Shivalik Global Ltd

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Old 17th April 2006, 01:34 PM
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Default Shivalik Global Ltd



Whats happening with this Stock ??? Could anybody throw some light why this recent listed IPO started crashing like anything from 80 to 53 in 3 sessions...any reason behind this ???
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Old 17th April 2006, 03:44 PM
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Default Re: Shivalik Global Ltd

Quote:
Originally Posted by jikku
Whats happening with this Stock ??? Could anybody throw some light why this recent listed IPO started crashing like anything from 80 to 53 in 3 sessions...any reason behind this ???
Hi jikku...you'd asked at NIFTY FIFTY, but'll answer here at your thread.
I can't say for certain but it seems the Shivalik IPO made not a lot of great news, which can be read here: http://*********/finance/equity/fulls...hp?id=14160721
Operators may have whipped up the listing price which was at a premium of over 16% above the offer price.

If you are in, cannot help here as with a new listing there is not enough data to do a TA review.
All the best.
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