Financial Daily from THE HINDU group of publications
Tuesday, Dec 06, 2005
Financial Daily from THE HINDU group of publications Tuesday, Dec 06, 2005 |
|
|
|
|
|
|
|
Markets
-
Stocks Bombay Rayon closes higher than issue price Our Bureau
Kolkata , Dec 5 BOMBAY Rayon, which listed on Monday on the stock exchanges, closed at Rs 83.50 on the NSE and at Rs 83.15 on the BSE, substantially higher than its issue price of Rs 70. The Rs 10-face value stock, which had opened at Rs 80 and Rs 82.30 respectively on the two bourses, rose to a high of Rs 91.60 and Rs 90 during the day before it settled down at lower levels. Both exchanges recorded good trading volumes - 1,53,19,904 shares on the NSE and a more modest 92,19,878 on BSE. The stock, among the top 10 most active counters today, reached the day's low of Rs 80 on the NSE and Rs 81.65 on the BSE. On NSE, the closing price marked a 19 per cent-plus change from its opening score, while the percentage of deliverable quantity to total quantity was 16.88 per cent. The same for BSE was 18.68 per cent. Bombay Rayon, which saw the offer subscribed over 17 times, made its book-built IPO last month with 1.34 crore shares. The issue, chiefly aimed at funding the company's expansion programme, had a price band of Rs 60-70.
Related Stories:
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page More Stories on : Stocks
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|