IPOs outperform benchmark indices in FY17

Initial public offerings (IPO) that have hit market in FY17 have yielded good returns to the investors often outperforming the yields given by benchmark indices. While the benchmark Sensex went up by nearly 16 per cent during the current financial year so far, 15 out of 21 IPOs that have hit markets during the year have outperformed Sensex. The average return given by IPOs during FY17 was 38 per cent. Interestingly the BSE IPO index, which is a gauge of stock performance of newly listed companies, was up 32 per cent since April 1,2016 indicating that investors had made money in these companies even if they had taken an exposure post listing. Financial Astrology Tips

“FY17 was a positive year for IPOs as we saw some good quality companies with strong financials and efficient business models have hit the markets. This is one of the reasons why majority of the newly listed companies gave good returns. This trend is likely to continue in the near to medium term as we have some good companies lined up for IPOs,” said Subhrajit Roy, associate director, Kotak Investment Banking. Of the companies that have listed during the current financial, four companies -- Quess Corp, RBL Bank, Ujjivan Financial Services and Mahanagar Gas  have yielded three digit returns to the investors. On the other hand, HPL Electric and Power was the worst performing stock among the companies that listed during the year as its shares slipped 47 per cent since lisiting. Astrology and Numerology Trading Tips