Six out of seven stocks on BSE SME platform post gains
Mumbai: Stocks having debuted on the leading bourse BSE’s SME platform this year seems to be generating significant interest from investors, as six of them have given positive returns since listing and the seventh one is trading with just a modest loss.
BSE launched its SME platform for small and medium enterprises earlier this year in March and since then seven companies have got listed in this segment.
The SME platform of BSE’s larger rival NSE, named Emerge, also became operational last week with the listing of first company, Thejo Engineering, in this segment.
At the BSE’s SME platform six out of seven stocks are trading above their respective issue prices, while shares of one company, Jointeca Education Solutions, is trading nearly two per cent below its initial public offer (IPO) price.
The stocks trading with significant gains include non-banking finance company BCB Finance (402 per cent), Max Alert Systems (183 per cent) and web infomedia company Jupiter Infomedia (18.25 per cent).
Besides, housing finance firm SRG Housing Finance, cosmetic surgery and skin care services firm Monarch Health Services, and financial services firm Sangam Advisors are trading with gains of 5 per cent, 0.75 per cent and 0.45 per cent, respectively.
According to market analysts, the post-listing performance
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