As soon as the shares of Career Point Infosystems opened on the bourses, it straight away moved on the highway and surprised many investors. It is to be mentioned here that it is one of the popular company’s IPO which has given the investors such a handsome return on opening since the economy has come back into the groove.

For the record the share price of the company jumped by close to 100% as soon as the shares made their debut on the markets. According to the price it touched on the debut, it has valued the company at close to Rs. 1166 crore which is close to 16 times higher than its revenues.

Investors like Goldman Sachs and DSP Blackrock must have been thanking their stats for making this valuable investment in the company.

There is no denying to the fact that the IPO market is getting back on the track slowly and results like these will attract more and more companies to join the bandwagon.

Angel Broking analyst Srishti Anand said that as the market expects the company to benefit from the opportunities in the growth sector, it has posted a mind boggling debut innings.