EPQL has recently conducted its successful general ipo. The price of EPQL is expected to greater than 45 per share in the upcoming days. Engro Powergen Qadirpur Limited is among one of the best and most efficient permeate gas based thermal power stations in thee country.
The last trading was recorded on October 3, 2014 when the 1.087 million shares were successfully traded. The last few days when the EPQL PRO was allowed to be traded on stock exchange, a price range of Rs 41.91 – 49.64 has been observed during these days.
It is expected that the stock offers attractive price and upside with a TP of Rs. 50 (June 2015). It is due to huge volume being traded on the stock exchange in this scrip.
The balloting process has yet no completed, still the price per share has witnessed an increase of more than 42% on upside. The current contract will end on 27th October 2014 and the settlement date is set to be 29th October, 2014.