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Wednesday, Jun 06, 2007
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Nitin Fire jumps on listing

Our Bureau

Mumbai June 5 The stock of Nitin Fire Protection Industries Ltd made its debut on the BSE at a 75-per cent premium at Rs 332.50 against its issue price of Rs 190. The stock touched an intra-day high of Rs 502.70 and closed at Rs 484.10.

On the NSE, the stock also opened at Rs 332.50 and touched an intra-day high of Rs 517 and a low of Rs 332.50 before closing at Rs 484.85.

Total traded quantity of shares was 1.30 crore shares and 1.69 crore shares on the BSE and NSE respectively.

The company had entered the capital market with an initial public offering of 33.90 lakh equity shares.

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