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Friday, August 26, 2011

Tree House Education gains despite plain listing

Tree House Education & Accessories ltd. today made bleak listing but despite this presently the stock is trading at 20 % gains. The issue was priced at  Rs. 136 which a tad higher than the lower price band  of Rs. 135.
The stock got listed at Rs. 132.4 on NSE and touched the high price of Rs. 161.5,presently stock is trading at Rs. 153.5.
In past we have seen few IPO's giving fabulous gains despite bleak listing.
This might amaze investors that how come fundamentally weak IPO's giving fantastic results while IPO's with strong fundamentals have been battered, and the answer lies in the manipulation by operators which can be easily done especially in smaller issues.
At the end of the day, it shall be interesting to see whether  there any evident manipulation?

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