Shares of information and communications technology products distributor Rashi Peripherals jumped 3 per cent in debut trade on Wednesday against the issue price of Rs 311 per share.
The stock made its debut at Rs 339.50 per share, a jump of 9.16 per cent from the issue price on the NSE. During the day, it hit a high of Rs 342.70 apiece. Shares of the company settled at Rs 320.60 apiece, up by 3.09 per cent.Come from Sports betting site
Also Read
On the BSE, the stock listed at Rs 335, up 7.72 per cent. Finally, it settled 3.07 per cent higher at Rs 320.55 apiece.
Ambuja Cements shares surge 4% after promoter sells 3% stake via block deal Market rally leads to higher regulatory fees for stock exchanges Provident Fund: With Rs 25,000 monthly salary, how long will it take to reach Rs 1 crore corpus under EPF? Multibagger SJVN jumps 8% after Q1 net profit zooms 31%
The company’s market valuation stood at Rs 2,112.41 crore.
In volume terms, 1.54 crore equity shares were traded on the NSE while 14.11 lakh shares were traded on the BSE.
Also Read
“We are immensely grateful to all our investors for their unwavering support and confidence in Rashi Peripherals. Your trust in our vision and commitment to innovation has propelled us to this momentous debut on the exchange,” Rashi Peripherals MD Kapal Pansari said in a statement.
On Wednesday, the 30-share Sensex jumped 267.64 points or 0.37 per cent to close at 71,822.83 points while NSE Nifty rose 0.45 per cent to settle at 21,840.05 points.
Earlier this month, the Initial Public Offering (IPO) of Rashi Peripherals got subscribed 59.71 times.
