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Our Bureau

Mumbai, Oct. 12 Apparel retailer, Koutons Retail India Ltd., opened today at Rs 510.05 versus the Rs 415 IPO price. They traded at a high of Rs 620 and low of Rs 502.50, after closing at Rs 584.

Koutons opened its trading with a premium of 23.01 per cent, as per the NSE data. On BSE, the stock opened at a premium of 24.09 per cent. They opened with Rs 515 and traded at a high price of Rs 649 and low of Rs 515. The stock closed at Rs 590, according to data available on BSE.

With this sort of an opening, analysts unanimously feel that Koutons will pose as good competition for the existing players in the market and that it is a stock that one will have to watch out for.

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