Money Tree

Two new stocks were listed on friday.

BL kashyap & Sons Ltd.

The shares were allotted for Rs.685 per share. Yesterday the stock after opening at Rs. 800 crossed Rs. 1036 and then closed at Rs. 973.30. This was a good listing, the stock gave a return of more than 42% on the first day of trading. The stock performed better than expected.

Mahindra & Mahindra Financial Services Ltd.

The allotment was made at Rs. 200 per share. The stock opened at Rs. 225 and crossed Rs. 243 and closed at Rs. 232.55. The stock performed below expectations. It closed at 16% above its issue price.