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Tree House Education & Accessories made a lacklustre beginning at the stock markets on Friday. The stock closed its day one on the BSE at Rs 116.55, against the issue price of Rs 135. On the NSE, it was down 11.63 per cent at Rs 119.30.
Though the stock managed to show an impressive gain of about 19.6 per cent at Rs 161.50 on the BSE during intra-day trading, it could not sustain those levels, as the general market condition turned very weak during the later part of the day. About 4.9 crore shares of the company changed hands on the BSE and the NSE.
Dhanalaxmi Bank and Inventure Growth & Securities sold about 7.25 lakh shares and 1.72 lakh shares respectively.
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