Manpasand Bev hits life time high

Manpasand Beverages has been showing some extraordinary movements and volumes for the past two days. Yesterday, it hit a life time high since its listing at Rs.497 with 7 times surge in volumes. And today, volumes are almost 7.5 times and it hit another life time high at Rs.526.

There is no specific reason as such apart from some investors and momentum players taking position. The stock had got listed on 9^th July this year at Rs.320/share, raising Rs.400 crore. The company repaid its entire secured loans to its bank, using the IPO proceeds and it is now debt free.

This is a complete turnaround from its listing at a discount – it got listed at Rs.300.