Business Daily from THE HINDU group of publications
Thursday, Jan 11, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Jan 11, 2007 ePaper |
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Markets
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Stocks Corporate - Restructuring
Our Bureau
Mumbai , Jan. 10 Wire and Wireless Ltd (WWIL) and Zee News Ltd faced contrasting fortunes on their stock market debuts. On the National Stock Exchange, WWIL opened at Rs 100.20 a share, rose to a high of Rs 139.40, before closing at Rs 120.45, an increase of roughly 20 per cent. A total of 87.4 lakh WWIL shares were traded. Zee News Ltd opened at Rs 89 a share, dropped to a low of Rs 33.50, before rising marginally to close at Rs 34.25. The company lost 62 per cent of its value as 1.6 crore shares were traded. The situation was same on the Bombay Stock Exchange. WWIL debuted at Rs 80 per share, rose to Rs 139.80, before settling at Rs 120.80, a gain of 51 per cent; 47.9 lakh shares were traded during the day. Zee News debuted at Rs 50 per share, saw its value rise to Rs 58.85, but dropped to Rs 34.05 by the end of the day, a loss of 32 per cent on the opening price as 1.36 crore shares were traded.
More Stories on : Stocks | Restructuring | Zee Telefilms Ltd
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