Friday, March 23, 2007

Mindtree stock slows down..

Mindtree Consulting IPO hit the market earlier this month with a bang. It surprised the market with unexpected rise in its stock price. Its price went till Rs.1023(issue prise of Rs.425) within 10 days of its listing. Everyone in the market was clueless about such an incredible rise. Experts said its time to book the profits because it is overvalued. And as a result of that, its price has come down to 850-880 levels...

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