Avenue Supermarts, Bajaj Finance: QIP-related stocks outperform markets

Investors who subscribed to qualified institutional placement (QIP) issues have recorded handsome returns on account of a run-up in the market price of stocks.
 
A sharp recovery in equity markets has seen nine out of 12 firms that raised money via the QIP route in the past six months (since August) outperform the market, surging up to 33 per cent against their issue price.
 
YES Bank (down 58 per cent), RBL Bank (down 5 per cent) and Prestige Estates Projects (down 0.04 per cent) are the only three counters to trade below their respective QIP prices.
 
These