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HUDCO impresses on debut; closes at 20.25 per cent premium

By Yogesh Supekar | 5/19/2017 4:18 PM Friday

HUDCO had an impressive debut on the bourses on Friday. The stock managed to close at Rs 72.15, up by 20.25 per cent from its issue price of Rs 60 per share. However, the stock slipped 1.77 per cent from its opening price of Rs 73.45 on the BSE, a premium of 22.41%.

HUDCO's pre-open indicative price stood at Rs 73.45, as against issue price of Rs 60.

HUDCO made an intra-day high of Rs 77.80 in the early morning session on Friday, thus clocking a gain of 28.3 per cent from its issue price. The stock made a low of Rs 70.55 on intra-day basis.

The broader market was volatile on Friday. BSE Sensex closed at 30464.92 , up by 30.13 points or 0.10 per cent.

 

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The markets on September 20 opened up. BSE Sensex is trading at 32,404.86, up by 2.49 points and the Nifty is trading at 10,144.75, down by 2.80 points.

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