Cordelia Cruises operator Waterways Leisure hits 10% upper circuit for second day, nears ₹808 issue price
Waterways Leisure Tourism, which runs India's leading domestic ocean cruise brand Cordelia Cruises, locked its second straight 10% upper circuit after a weak debut. The stock listed at ₹690, down 14.6% from its ₹808 issue price. The ₹585-crore IPO was subscribed 1.46x and trades at a steep P/E of ~101x.
Waterways Leisure Tourism, operator of India's leading domestic ocean cruise brand Cordelia Cruises, hit 10% upper circuit for a second straight day after a weak IPO debut below its ₹808 issue price.