Mundra Port IPO Listing returns 119% to investors

Well awaited Mundra Port IPO Listed today on the Indian stock markets with very high premium as expected by the market analysts. The stock opened at Rs. 770 in the initial trades and moved up to hit an intra-day high of Rs. 1150 to close at Rs. 961.70 up 119 per cent from the issue price of 440. Investors who have received the allotment should be very happy on the Mundra IPO listing. Analysts are in a view that the stock is a quality pick and investors can remain invested in the stock for medium to long term.