Empee Distilleries Initial Public offer got listed today on the stock exchanges, and the stock initially opened at Rs. 489 on the BSE and later slipped down. Currently Empee Distilleries is trading at Rs. 357 down 10.6 per cent on the BSE, the stock hit an intra-day high of Rs. 489 and an intra-day low of Rs. 301 on the BSE with volumes of 23560008 shares at 11.45 Am.
Nisha Purushothaman, Joint MD, of Empee Distilleries speaking at the launch of the IPO has said that they are projecting September 2008 revenues at Rs 1,150 crore, PAT at Rs 55 crore and September ‘08 margins at 8%, EPS at Rs 29. They also have plans to enter Andhra Pradesh and Karnataka in the coming year.
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1 comment so far ↓
This kind of risk is always associated with IPO investments. Do your own technical analysis and invest only if YOU find the investment strong enough to meet your expectation of returns. If you have done research on your side.. dont panic even if the stock falls by even 30%-40%. Give some time for the stock to show its magic. Rome wasnt built in a day!
Happy investing!
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