 "Retail investors miss rally in Midhani;stock zooms 74% against offer price")
Retail investors have missed the rally in Mishra Dhatu Nigam (Midhani) as the stock of state-owned company hit a new high of Rs 151 in intra-day trade on Wednesday, rallying 73% against its offer price of Rs 87 per share.
The stock was trading higher for the seventh straight trading sessions, zoomed 62% in past four trading days.
Midhani had made a tepid debut by listing at Rs 87 on April 4, 2018, a 3% lower against issue price of Rs 90 offered to qualified institutional buyers (QIB) and non-institutional investors (NII). The company offered a discount of
The stock was trading higher for the seventh straight trading sessions, zoomed 62% in past four trading days.
Midhani had made a tepid debut by listing at Rs 87 on April 4, 2018, a 3% lower against issue price of Rs 90 offered to qualified institutional buyers (QIB) and non-institutional investors (NII). The company offered a discount of
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