Financial Daily from THE HINDU group of publications
Saturday, Jan 14, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 14, 2006 |
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Markets
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Stocks Educomp Solutions up 100% on Day 1 Our Bureau
Mumbai , Jan. 13 EDUCOMP Solutions, a computer education company, today listed at more than 100 per cent premium to the issue price of Rs 125. However, trading volumes in its debut far exceeded the total paid-up capital of the company. The stock opened at Rs 155, touched a high of Rs 300 and ended the day at Rs 284.05, a gain 127 per cent to the issue price on the NSE. On the BSE the stock closed at Rs 285.35. On the NSE 1.81 crore shares were traded and 1.31 crore on the BSE. The combined volume was 3.12 crore shares. Of this, 6.96 per cent shares were marked for delivery on the NSE and 10.73 per cent on the BSE. The company had come out with public issue of 40 lakh shares and after the issue its paid-up capital is 1.59 crore shares of Rs 10 each.
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