Money Tree

Vishal retail, which recently came out with an IPO, had a very good listing today morning at Rs.472.5 as against its issue price of Rs. 270 per share. Today till 11.20 a.m. the newly listed stock has made a high of Rs. 784.40 and a low of Rs.472.5 and is currently quoting at Rs. 725. The issue was priced at a very low PE as compared to its peers in the retail sector and was oversubscribed more than 80 times.