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Listing Day Sees Sharp Swings on the BSE
The stock opened trading on the BSE at ₹390, registering a 2.98% decline from its issue price. Early action was marked by notable volatility as investors digested the fresh listing.
Intraday Movement: Plunge and Recovery
- After the opening, the share price fell further, plunging 11.52% to hit ₹355.70.
- Later in the session it staged a recovery and traded at ₹403.80, reflecting a 0.44% rise.
What This Means for Investors
Such swings are common on debut trading days as supply and demand find balance. The sharp drop and subsequent rebound suggest mixed sentiment and active trading interest. Investors may want to monitor volume, follow-up sessions, and broader market cues before drawing conclusions.
In short: the listing started below the issue price, hit an intraday low, and then retraced gains to trade modestly higher later in the session — a reminder of how quickly new listings can move on the BSE.