Zylog systems
Please refer to my earlier blog http://ideaencash.blogspot.com/2007/07/zylog-systems-limitedc-ipo-status.html, where it clearly states that Zylog system will open on the listing day with a heavy premium .
It has has listed at Rs 557, with premium of 59% over its issue price of Rs 350 per share on the NSE despite negative sentiment in markets.
At 9:59 am, the stock was trading at Rs 422, with volumes of 5,99,055 shares. It has touched an intraday high/low of Rs 525 and Rs 356.20, respectively on the BSE.
On the NSE, the share was quoting at Rs 392, up 12%, with volumes of 5,96,188 shares. It has hit a high/low of Rs 557 and Rs 392, respectively. The turnover stood at Rs 25.55 crore.
All those who were alloted the shares ... Sell Half and recover the cost & keep the rest for long term perspective.
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