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Golden outlook

Source : BUSINESS_STANDARD
Last Updated: Thu, May 10, 2012 19:32 hrs

Holding parties to celebrate the success of a company's debut on the stock market has become common practice. But a newly listed gold jewellery retailer went one step ahead and hosted a "successful listing party" even though the company's share price ended nearly 10 per cent lower on debut. But so what if shares of the company didn't sparkle on listing, the logic went, given the strong surge in gold prices and their expected strong showing in the year ahead, its bottom-line can be expected to shine in the future.




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