Comments
A day after making a stellar debut on the bourses, shares of Ujjivan Small Finance Bank on Friday dropped nearly 7 per cent, on profit-booking.
The scrip tanked 6.89 per cent to close at ₹52.05 on the BSE. During the day, it dropped 8.49 per cent to ₹51.15.
On the National Stock Exchange (NSE), it plunged 6 per cent to close at ₹52.55.
In terms of traded volume, 27.97 lakh shares of the company were traded on the BSE and over 4 crore shares on the NSE during the day.
Ujjivan Small Finance Bank on Thursday listed with over 57 per cent gains against the issue price of ₹37 and finally closed more than 51 per cent higher.
The company’s initial public offer (IPO), which was open for subscription during December 2-4, was subscribed over 165 times at a price band of ₹36-37 per share.
Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.