However, 20 of the new entrants have come down more than 20% from their peaks.
In case of Inox Wind, the current price is more than 50% below the all-time high level, while Coffee Day Enterprises has fallen over 30% from the high and InterGlobe Aviation, which runs low-cost airline IndiGo, is down nearly 45%.
TeamLease Services, which got listed on Friday last week, is trading above the issue price but it remains to be seen whether it retains its gains in the coming days.
The stocks that have managed to stay above their issue prices despite the ongoing market meltdown include Narayana Hrudalaya, Dr Lal Pathlabs, SH Kelkar and Alkem Laboratories.
The benchmark Sensex has plunged nearly 23% from its peak of 30,024, scaled in March last year.
While, Dr Lal Path Labs closed last week at a premium of 45% of its issue price of Rs 550, the scrips of Alkem Laboratories ended the week at Rs 1,319, up by 25.62% from its issue price.
Shares fragrance maker SH Kelkar closed the week at Rs 216.30, up over 20% from its issue price of Rs 180 and that of Narayana Hrudalaya ended at a premium of 14.44% from its issue price of Rs 250.
Shares of IndiGo’s parent InterGlobe Aviation was a bit battered to end the week at Rs 777.50, up by 1.63%. The shares had an issue price of Rs 765.
In a bloody carnage on Dalal Street, market benchmark Sensex plunged by 807.07 points on Thursday, its biggest fall in six months, to settle below 23,000-level after 21 months as fears of a global slowdown and disappointing quarterly numbers combined to batter investor sentiment.
On Friday, it however managed to end 34 points higher at 22,986.12 points, but logged its biggest weekly fall in over six years.
Shares of Coffee Day closed the week at Rs 221.50, falling by 32.47% from its issue price. The scrips had an issue price of Rs 328.
"Actually this is the sector which is influencing the share prices. Most of these firms are in the healthcare business, in which investors have high expectations given their future growth prospects. As a result the shares remain unaffected to the volatility," said Geojit BNP Paribas Head-Fundamental Research Vinod Nair.
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