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Tread carefully while investing in this stock
Aishwarya Telecom has seen huge trading activity in the last two days. 4 cr shares have been traded, 10 times its issue size. It has had a delivery of below 5% and 50% of the issue is held by 10 QIBs. The stock has gone up 140% from the IP in the last 3 days. So investors should be very cautious while taking any position in this kind of a stock.
Aishwarya Telecom has seen huge trading activity in the last two days. What makes this new listing buzz?
Four crore shares have been traded, which is 10 times the issue size. It has had a delivery of below 5% and 50% of the issue is held by 10 QIBs. Some shareholders who hold more than 1% are Ativir Venture Capital Trust, which holds 4.28%, Sourabh Venture Capital also holds the same amount of share as does SREI Venture Capital.
The company issued 40 lakh shares and the stock has gone up 140% from the issue price in the last three days. So investors should be very cautious while taking any position in this kind of a stock.
Aishwarya Telecom
