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News & Press: Mar 2008

BITSian founded company IPO performs well in spite of market fluctuations

Saturday, November 22, 2008   (0 Comments)
Posted by: BITSAA Newsletter
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GSS America founded by two young BITSians listed their company at a premium though the Sensex was a bit tipsy. Undaunted by the volatility in the stock market, shares of GSS America Friday closed at INR 500.80 on NSE, a premium of INR 100.80 or 25.20 per cent to the issue price of INR 400.


The stock listed at INR 380. It touched a high of INR 540, and the low was INR 370. Around 10621014 shares were traded in the NSE counter. On BSE, the stock closed at INR 500.65 after opening flat at INR 400, also the low during the day. The high was INR 508.35. Around 1,39,80,284 shares has been traded so far.

Mr. Bhargav Marepally and Mr. Ramesh Yerramsetti, Co-Founders holds degrees from BITS-Pilani (1988-1993). Congrats! Cheers!


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