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How has the market meltdown impacted some recent listings?
Saturday, August 4, 2007
The markets had been strongly moving towards 16,000 mark and bulls were gaining momentum. However due to subprime lending worries global markets saw a meltdown. The impact followed and the Sensex failed to cross that 16000 mark. It lost nearly 900 points from its all-time high of 15868.85.
On Black Friday, July 27, it plunged by 640.47 points and on Wednesday it slipped nearly 617 points to touch an intraday low of 14910.52. This impact was seen across the sectors as well as on new listings.
An investor who would have held these stocks in anticipation of a bullish market, may have seen huge losses, since share prices fell 4-41% from their respective all-time highs.
DLF, a real estate major, which had come out with a public issue of 175 million shares and raised more than Rs 9100 crore, lost more than 18% and Vishal Retail, which saw a subscription of more than 80 times, slipped 22%, from their respective all-time highs.
Major losers are Roman Tarmat, Suryachakra Power and Celestial Labs, which fell 41%, 32% and 29%, respectively.
| Company | All-time High (Rs) | Price as on 01-Aug-07 | % Loss |
| Roman Tarmat | 376.25 | 221 | 41.26 |
| Suryachakra Power | 30 | 20.5 | 31.67 |
| Celestial Labs | 75 | 53.4 | 28.80 |
| Vishal Retail | 809 | 623.9 | 22.88 |
| DLF | 714 | 584.6 | 18.12 |
| Spice Comm | 67.05 | 55.65 | 17.00 |
| Ankit Metal | 46.5 | 40.55 | 12.80 |
| HDIL | 546.35 | 515.5 | 5.65 |
| Everonn Systems | 504 | 478.45 | 5.07 |
| Allied Digital | 303.1 | 292 | 3.66 |




