Savvy investors are lapping up shares of companies that are listed on now defunct bourses like the Delhi Stock Exchange, Ahmedabad Stock Exchange, Cochin Stock Exchange and Madras Stock Exchange .
“There’s a lot of activity among investors in companies which are profit making, dividend paying and have promoters with good reputation,” said Narottam Dharawat, a Mumbai-based broker who deals in such companies. Dollar Industries (Rs 750-800), Frick India (Rs 900-1,000), Eastern Investment (Rs 1,300-1,400), Mid East Integrated Steel (Rs 20 to 22), Resins and Plastics (Rs 140-150) are witnessing brisk activity amongst investors.
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The recent listing of Aspinwall & Co, a Kochi-based logistics company on the NSE at Rs 175, has triggered interest in stocks of profit-making companies listed on defunct exchanges and are likely to be moved to the NSE/BSE soon. For more details see https://buysellunlistedshares.com/2016/06/15/aspinwall/
Link to the article of Economic Times on 29 June 2016