Yesterday this stock was Listed.
Issue price Rs.45
Total 95,74,000 equity shares
(Ninty Five lac seventy four thousand shares only)
Yesterday volume :
NSE :61,482,680
BSE :57,173,032
Just see Total volumes :
-11 crore 86 lac 55 thousand 712 shares.
-Offer price Rs.45
-Stock crashed to 26.65
-Down by 36 %
I just want to know who is having time in India to trade so much qty ?
Who will take responsibility of this stock crash ?
-Either 26 is wrong or 45 was wrong ?
-More then 10 time volume of total equity.(It happens only in India )
A Million Dollar question :Now What to do ?Who will take step to check volume was done or created or something else ??
Keep Thinking.